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In a market that has seen its fair share of volatility, Skechers USA Inc . (NYSE:SKX) stock has not been immune to the pressures, touching a 52-week low of $55.66. According to InvestingPro analysis, the company appears undervalued at current levels, with analysts setting price targets between $65 and $94. Investors have been tracking the company’s performance closely, noting the challenges that have led to this point. Despite the stock’s decline, Skechers maintains strong fundamentals with 12.11% revenue growth and trades at an attractive P/E ratio of 13.34x. Over the past year, Skechers has experienced a decline of 7.15%, reflecting broader market trends and possibly specific headwinds faced by the footwear industry. This latest price level serves as a critical marker for the company, as stakeholders consider the stock’s trajectory in the context of its performance over the past year. For deeper insights into Skechers’ valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Skechers USA reported its fourth-quarter 2024 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of $0.65, missing the forecasted $0.74, and reported revenue of $2.21 billion, slightly below the anticipated $2.22 billion. Despite these quarterly results, Skechers achieved a 13% increase in full-year sales, totaling $9.04 billion, and a 26% rise in annual EPS, reaching $4.40. Looking ahead to 2025, the company plans to open 180-200 new stores, projecting sales between $9.7 billion and $9.8 billion, with an expected EPS range of $4.30 to $4.50.
Additionally, Barclays (LON:BARC) adjusted its price target for Skechers shares to $77 from $80, maintaining an Overweight rating but citing challenges such as decreased sales forecasts and increased costs. UBS also revised its price target for Skechers to $90, down from $92, while maintaining a Buy rating, noting the brand’s global reach and product appeal. Stifel reiterated a Buy rating with an $80 price target, highlighting Skechers’ potential in international markets and its strategic positioning in the performance footwear segment. These recent developments reflect the varied analyst perspectives on Skechers’ financial outlook and market performance.
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