Where Skechers USA Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for Skechers USA (NYSE:SKX), with a general trend towards bullishness. Over the past three months, 4 analysts have provided ratings, with 1 bullish and 3 somewhat bullish. In the last 30 days, there has been one additional somewhat bullish rating. The average 12-month price target is now $69.25, up from the previous $59.75, indicating a 15.9% increase. Skechers USA's financial performance shows a solid revenue growth rate of 7.8%, a net margin of 7.18%, and an ROA of 2.03%, but a lower-than-average ROE of 3.73%. The company has a prudent debt-to-equity ratio of 0.42.
January 30, 2024 | 5:00 pm
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Analysts have raised their price targets for Skechers USA, indicating a bullish sentiment. The average price target has increased by 15.9% to $69.25. The company's financials show strong revenue growth and net margin, but a lower ROE compared to industry averages.
The increase in price targets by analysts suggests a positive outlook for Skechers USA's stock price in the short term. The company's solid financial performance, particularly in revenue growth and net margin, supports this bullish sentiment. However, the lower ROE may temper some investor enthusiasm, but overall, the analyst ratings are likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100