Susquehanna Believes Skechers USA (SKX) Still Has Room to Grow


Susquehanna analyst Sam Poser reiterated a Buy rating on Skechers USA (SKX) yesterday and set a price target of $42. The company’s shares closed yesterday at $34.84, close to its 52-week high of $35.66.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 3.6% and a 51.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Skechers USA has an analyst consensus of Strong Buy, with a price target consensus of $36.67.

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The company has a one-year high of $35.66 and a one-year low of $21.45. Currently, Skechers USA has an average volume of 1.99M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

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SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales.

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