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Deutsche Bank Keeps a Buy Rating on Skechers USA (SKX)

Deutsche Bank analyst Gabriella Carbone maintained a Buy rating on Skechers USA (SKXResearch Report) on January 31 and set a price target of $61.00. The company’s shares closed last Monday at $44.96.

According to TipRanks.com, Carbone is a 2-star analyst with an average return of 0.2% and a 37.5% success rate. Carbone covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Burlington Stores, and Bath & Body Works.

Skechers USA has an analyst consensus of Strong Buy, with a price target consensus of $63.33, representing a 42.1% upside. In a report issued on February 4, Evercore ISI also maintained a Buy rating on the stock with a $70.00 price target.

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Skechers USA’s market cap is currently $7.01B and has a P/E ratio of 9.51.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Domestic Wholesale Sales segment distributes footwear through the domestic wholesale distribution channels: department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale Sales segment includes international direct subsidiary sales and international distributor sales. The Retail Sales segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.

Read More on SKX:

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