Stock Price & Analysis

Based on the analysis of SKX's current price trends, technical indicators, and analyst sentiment, it is recommended to hold the stock as it shows mixed signals. The stock has support at current levels but lacks strong buy signals due to insider selling and macroeconomic challenges.

The predicted price for SKX stock in 2025 is $78, driven by strong analyst targets and growth expectations despite near-term challenges.

• Current Price: $57.42 (as of March 17, 2025).
• Fibonacci Pivot: $57.11, suggesting support near current levels.
• Analyst Consensus: Average price target of $78.80, with a high of $90, indicating optimism in long-term growth.

The S1 support level for SKX Stock is $54.59 ,The R1 resistant level for SKX Stock is $59.58.

As of the end of day on 2025-03-19, the price of SKX Stock was $56.71.

The target price for SKX Stock according to analyst rating is 78.80, 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 $8.5B.

Analysis and Insights

Valuation Metrics:

Skechers USA Inc (SKX) currently exhibits mixed valuation signals. The stock's forward P/E ratio of 16.18 and EV/EBITDA of 8.89 suggest a moderate valuation, but the price-to-sales (P/S) ratio of 1.15 indicates a premium relative to its revenue. The price-to-book (P/B) ratio of 2.35 further signals that the market is pricing in growth expectations.

Financial Performance:

• Revenue: $2.347B (Q3) and $2.212B (Q4), showing steady growth.
• Net Income: $193M (Q3) and $99M (Q4), reflecting margin compression.
• Gross Margin: 52.1% (Q3) and 53.26% (Q4), indicating strong pricing power.
• Net Margin: 8.92% (Q3) and 5.22% (Q4), highlighting profitability challenges.

Technical Analysis:

The stock is trading near its Fibonacci pivot point of $57.11, with resistance at $59.60 and support at $54.61. The RSI of 38.09 suggests the stock is not overbought, but the MACD crossover indicates bearish momentum.

Analyst Sentiment:

Analysts maintain a "Buy" rating with an average price target of $78.80, reflecting optimism about the company's growth prospects. However, insider selling activity, including CEO Robert Greenberg selling 83,150 shares, raises concerns about internal sentiment.

Conclusion:

While SKX shows resilience with a strong brand and revenue growth, its valuation metrics and insider selling activity suggest it may be overvalued. Investors should monitor margins and global demand trends closely.

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.

Skechers USA (SKX) is predicted to reach $95 per share by 2030, driven by strong brand growth and analyst expectations. The stock is currently undervalued, with a consensus price target of $78.80, suggesting significant upside potential. Analysts remain optimistic about Skechers' long-term growth despite near-term challenges.

SKX has a total of 9200 employees.