Skechers USA Inc Stock News

Skechers USA Inc (NYSE: SKX) has transitioned its operations in the Philippines from a third-party distributor to Skechers USA Philippines Inc. The company said it is reestablishing the brand by se

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™, today announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature that provides for total liquidity up to $1 billion. This is an amendment to the $500 million senior unsecured credit facility that Skechers entered into in 2019, which was due to expire in November 2024. The amendment extends the maturity date of the credit facility

Vaughan Nelson Investment Management L.P. increased its position in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,396,273 shares of the textile makers stock after acquiring an additional 68,581 shares during the quarter. Vaughan []

Wall Street brokerages expect Skechers U.S.A., Inc. (NYSE:SKX) to report sales of $1.53 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Skechers U.S.A.s earnings, with the lowest sales estimate coming in at $1.53 billion and the highest estimate coming in at $1.54 billion. Skechers U.S.A. posted sales []

Skechers U.S.A. with ticker code (SKX) now have 13 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 72 and 47 calculating the average target price we see 61.42. With the stocks previous close at 45.7 this is indicating there is a potential upside of 34.4%. There is a 50 day moving average of 45.56 and the 200 moving average now moves to 46.88. The market cap for the company is $7,067m. Find out more information at: https://www.skechers.com [stock_market_widget type="chart" symbol="SKX" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Skechers U.S.A. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men''s and women''s slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids.

Skechers U.S.A., Inc. (NYSE:SKX) has been assigned a consensus recommendation of Buy from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have []

Zacks Investment Research upgraded shares of Skechers U.S.A. (NYSE:SKX) from a strong sell rating to a hold rating in a research note released on Monday morning, Zacks.com reports. The brokerage currently has $46.00 target price on the textile makers stock. According to Zacks, Shares of Skechers have outperformed the industry on a year-to-date basis. The []

Skechers U.S.A. (NYSE:SKX) was upgraded by Zacks Investment Research from a strong sell rating to a hold rating in a note issued to investors on Monday, Zacks.com reports. The firm currently has a $46.00 target price on the textile makers stock. Zacks Investment Researchs price objective points to a potential downside of 1.50% from the []

Skechers U.S.A., Inc. (NYSE:SKX) Equities research analysts at Wedbush increased their Q1 2022 earnings estimates for Skechers U.S.A. in a report released on Friday, December 3rd. Wedbush analyst T. Nikic now expects that the textile maker will post earnings per share of $0.73 for the quarter, up from their previous forecast of $0.66. Wedbush []

Skechers U.S.A., Inc. (NYSE:SKX) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,510,000 shares, an increase of 21.5% from the October 31st total of 2,890,000 shares. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is presently 2.4 days. []

Shares of Skechers USA Inc. SKX, +4.88% surged 5.1% in morning trading Wednesday, after Tremblant Capital Group disclosed that it increased its equity stake in the footwear seller to 5.1%, and said it

Skechers USA Inc (NYSE: SKX) is partnering with global environmental nonprofit  The Nature Conservancy through a multi-year commitment, with a minimum of $800,000 to protect lands and waters. Skec

BELLUNO, Italy, Nov. 29, 2021 /PRNewswire/ -- Marcolin and Skechers USA Inc., The Comfort Technology Company, announce the renewal of their licensing agreement for the design, production and worldwide distribution of Skechers sunglasses, eyeglasses and kids'' eyewear. The partnership has