Stock Price & Analysis

Based on the recent market data and analysis, here's a concise assessment of SKX stock:

Technical Analysis

The stock is showing bearish momentum in the short term, with the price declining from its recent high of $64 to current $61.86. The stock has broken below its 20-day moving average, indicating weakening momentum.

Recent Performance

• Current Price: $61.86
• Regular Market Change: -1.97%
• Post Market Change: +0.29%
• Trading Volume: 2.7M (above average)

Key Support/Resistance Levels

• Fibonacci Resistance R1: $71.26
• Fibonacci Support S1: $62.16
• Current price is testing S1 support level

Market Sentiment Recent news indicates SKX has attracted institutional interest, with Viking Global Investors taking a new position in Q4. The company continues to show solid growth with:

• Revenue growth of 13% YoY
• Earnings surge of 26% YoY
• Attractive P/E ratio of 16x

Recommendation SELL - The technical indicators suggest further downside potential in the near term. While fundamentals remain strong, current market conditions and technical breakdown below key support levels suggest taking profits or waiting for a better entry point. The stock could find support around the $59.35 level (Fibonacci S2).

Based on the provided data and market analysis, here is the price prediction for SKX stock in 2025:

The SKX stock is projected to reach $75-80 by end of 2025, representing a 21-30% upside from current price of $61.68, driven by strong global expansion and product innovation. The company's robust outlook is supported by record annual sales of $8.97 billion in 2024 and projected sales of $9.7-9.8 billion for 2025.

The consensus among analysts remains bullish, with UBS maintaining a $90 price target and viewing SKX as "underappreciated" despite near-term headwinds from China and FX. The company's position as the world's 3rd largest footwear brand and continued market share gains support this positive outlook.

However, investors should note potential risks including China market weakness, FX headwinds, and new tariff regulations that could impact near-term performance. The stock recently experienced a significant correction after Q4 earnings, presenting what some analysts view as a buying opportunity for long-term growth.

The S1 support level for SKX Stock is $61.54 ,The R1 resistant level for SKX Stock is $66.36.

As of the end of day on 2025-02-26, the price of SKX Stock was $63.36.

The target price for SKX Stock according to analyst rating is 79.18, with the highest price target at 90.00 and the lowest at 65.00. Analysts have a Strong Buy rating on SKX Stock overall.

The market cap of SKX is $9.6B.

Based on the provided data and recent market events, I'll analyze whether SKX is overvalued:

Technical Analysis SKX is currently trading at $61.68, showing a significant decline from its recent high of $78.85. The stock has broken below its 200-day moving average, which is typically a bearish technical signal.

Valuation Metrics

• P/E (2023): 17.85x
• EV/EBITDA: 9.38x
• P/S: 1.22x
• P/B: 2.37x

Recent Performance & Growth

• Revenue grew 12.1% to $8.97 billion in 2024
• Net income increased by 17% to $639.5 million in 2024
• Gross margin improved by 20 basis points

Market Sentiment The stock recently experienced a 13% decline due to:

• FX headwinds
• Higher tax rates
• Macroeconomic challenges in China

Conclusion SKX is NOT overvalued considering:

1. Trading at reasonable multiples compared to industry averages
2. Strong double-digit revenue and profit growth
3. Recent selloff has created more attractive entry points
4. UBS analysts view it as "underappreciated" with superior distribution model
5. Strong global brand position as world's 3rd largest footwear brand

Skechers U.S.A., Inc. designs, develops, and markets a diverse range of footwear, apparel, and accessories. The Company offers footwear, apparel, and accessories for men, women, and kids. The Company operates through two segments: Wholesale and Direct-to-Consumer. Wholesale segment is comprised of sales to a network of partners including Skechers-branded stores operated by third-party franchisees and licensees, family shoe stores, specialty athletic and sporting goods retailers, department stores and big box club stores, and Distributors in select international markets. Direct-to-Consumer segment comprises sales by the Company directly to consumers through a combination of channels including company owned Skechers-branded stores, company owned e-commerce sites, and third-party marketplaces and digital platforms. Its lifestyle offering delivers comfort technologies such as Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam, among others.

Based on the provided data and recent market developments, here's a price prediction analysis for SKX stock by 2030:

SKX is projected to reach $95-100 by 2030, driven by continued global expansion and brand strength. The prediction is supported by SKX's consistent double-digit revenue growth, strong international presence, and strategic focus on performance footwear segments.

The rationale behind this target: Recent earnings showed 12.1% annual sales growth to $8.97 billion in 2024, demonstrating SKX's ability to maintain robust growth despite market challenges. The company's superior distribution model and strong global brand position it well for sustained long-term expansion.

SKX has a total of 9200 employees.