Susquehanna Reiterates a Buy Rating on Skechers USA (SKX)

In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Skechers USA (SKXResearch Report), with a price target of $37. The company’s shares closed on Thursday at $31.60.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.0% and a 54.9% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Currently, the analyst consensus on Skechers USA is a Moderate Buy with an average price target of $33.

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Skechers USA’s market cap is currently $4.85B and has a P/E ratio of 16.41. The company has a Price to Book ratio of 2.38.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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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.