Skechers: Quality Model Fairly Valued, But I'm Concerned On Cyclicality Post Q3 [Seeking Alpha]
Skechers U.S.A., Inc. (SKX)
Last skechers u.s.a., inc. earnings: 4/23 04:05 pm
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Source: Seeking Alpha
1.32K Follower s Follow Summary Skechers U.S.A., Inc. posted 16% YoY growth in 3Q24, driven by strong U.S. wholesale performance, and expects a positive holiday season despite challenges in China. The company has built a strong value brand with a wide retail footprint, leveraging licensees for operational flexibility and reduced CAPEX risk. Skechers' valuation appears low at 14x FY24E earnings, but concerns over cyclicality and high margins suggest it is fairly valued, not a screaming buy. Skechers' elevation strategy in performance sports and endorsements could enhance margins, but SKX stock is a Hold, with potential for future opportunities. Robert Way Skechers U.S.A., Inc. NYSE: SKX ) released its Q3 2024 results , with a growth of 16%, and is expecting a good holiday season. Growth was well distributed across regions, except for a challenged China, a muted DTC in This article was written by Quipus Capital 1.32K Follower s Follow Long-only investment, eva
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SKX
News
- Skechers U.S.A., Inc. (NYSE: SKX) is now covered by analysts at Needham & Company LLC. They set a "hold" rating on the stock.MarketBeat
- Skechers to Relocate to Expanded Distribution Center in Liège to Support the Brand’s Growth in EuropeBusiness Wire
- Skechers U.S.A., Inc. (NYSE: SKX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Skechers Gains 26% in a Year on Strategic Initiatives: An Opportunity? [Yahoo! Finance]Yahoo! Finance
- Skechers U.S.A., Inc. (NYSE: SKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
SKX
Earnings
- 10/24/24 - Beat
SKX
Sec Filings
- 11/1/24 - Form 10-Q
- 10/24/24 - Form 8-K
- 8/29/24 - Form 4
- SKX's page on the SEC website