Skechers U. (SKX) Stock Forecast, Price Target & Predictions
SKX Stock Forecast
Skechers U. stock forecast is as follows: an average price target of $72.08 (represents a 18.14% upside from SKX’s last price of $61.01) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
SKX Price Target
The average price target for Skechers U. (SKX) is $72.08 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $88.00 to $40.00. This represents a potential 18.14% upside from SKX's last price of $61.01.
SKX Analyst Ratings
According to 16 Wall Street analysts, Skechers U.'s rating consensus is 'Buy'. The analyst rating breakdown for SKX stock is 0 'Strong Buy' (0.00%), 14 'Buy' (87.50%), 2 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Skechers U. Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 15, 2024 | Jesalyn Wong | Evercore ISI | - | - | 13.98% | 18.01% |
| Jul 26, 2024 | Tom Nikic | Wedbush | - | - | 24.00% | 29.49% |
| Jul 26, 2024 | Jim Duffy | Stifel Nicolaus | - | - | 30.28% | 36.04% |
| Jul 26, 2024 | Sam Poser | Williams Trading | - | - | 22.16% | 31.13% |
| Jul 25, 2024 | Tom Nikic | Wedbush | - | - | 18.14% | 24.57% |
| Jul 22, 2024 | Alex Straton | Morgan Stanley | - | - | 24.59% | 31.13% |
| Jun 12, 2024 | Krisztina Katai | Deutsche Bank | - | - | 10.07% | 34.40% |
| Jun 12, 2024 | Andrew Bauch | Wells Fargo | - | - | 12.39% | 36.04% |
| Jun 07, 2024 | Jay Sole | UBS | - | - | 20.79% | 44.24% |
| Apr 19, 2024 | Tom Nikic | Wedbush | - | - | 20.25% | 11.46% |
The latest Skechers U. stock forecast, released on Oct 15, 2024 by Jesalyn Wong from Evercore ISI, set a price target of $72.00, which represents a 13.98% increase from the stock price at the time of the forecast ($63.17), and a 18.01% increase from SKX last price ($61.01).
Skechers U. Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 13 |
| Avg Price Target | - | $72.00 | $76.85 |
| Last Closing Price | $61.01 | $61.01 | $61.01 |
| Upside/Downside | -100.00% | 18.01% | 25.96% |
In the current month, the average price target of Skechers U. stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Skechers U.'s last price of $61.01. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 26, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 26, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 25, 2024 | Wedbush | Outperform | Outperform | Hold |
| Jul 22, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Jul 22, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jul 22, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 12, 2024 | Wells Fargo | Underweight | Overweight | Initialise |
| Jun 07, 2024 | UBS | Buy | Buy | Hold |
| Jun 07, 2024 | Wedbush | Buy | Buy | Hold |
Skechers U.'s last stock rating was published by Evercore ISI on Oct 15, 2024. The company gave SKX a "Outperform" rating, the same as its previous rate.
Skechers U. Financial Forecast
Skechers U. Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $2.02B | $2.01B | $2.00B | $1.88B | $1.88B | $1.87B | $1.82B | $1.65B | $1.55B | $1.66B | $1.43B | $1.32B | $1.30B | $729.47M | $1.24B | $1.33B | $1.35B | $1.26B | $1.28B | $1.25B | $1.07B |
| Avg Forecast | $2.45B | $2.57B | $2.40B | $2.49B | $2.22B | $2.31B | $2.24B | $2.20B | $2.03B | $2.02B | $1.92B | $1.86B | $1.77B | $1.79B | $1.80B | $1.70B | $1.55B | $1.62B | $1.49B | $1.35B | $1.31B | $1.20B | $653.28M | $1.22B | $1.25B | $1.34B | $1.22B | $1.30B | $1.23B | $965.52M |
| High Forecast | $2.47B | $2.59B | $2.43B | $2.52B | $2.23B | $2.31B | $2.24B | $2.20B | $2.06B | $2.08B | $1.94B | $1.87B | $1.79B | $1.79B | $1.80B | $1.70B | $1.55B | $1.62B | $1.49B | $1.35B | $1.31B | $1.20B | $653.28M | $1.22B | $1.25B | $1.34B | $1.22B | $1.30B | $1.48B | $1.16B |
| Low Forecast | $2.42B | $2.54B | $2.38B | $2.43B | $2.21B | $2.30B | $2.24B | $2.20B | $2.00B | $1.99B | $1.90B | $1.84B | $1.75B | $1.79B | $1.80B | $1.70B | $1.55B | $1.62B | $1.49B | $1.35B | $1.31B | $1.20B | $653.28M | $1.22B | $1.25B | $1.34B | $1.22B | $1.30B | $986.75M | $772.42M |
| # Analysts | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.00% | 1.05% | 1.08% | 1.06% | 1.05% | 1.04% | 1.07% | 1.06% | 0.96% | 1.11% | 1.06% | 1.01% | 1.08% | 1.12% | 1.02% | 1.07% | 1.01% | 1.03% | 0.98% | 1.01% | 1.11% |
Skechers U.'s average Quarter revenue forecast for Dec 23 based on 6 analysts is $2.03B, with a low forecast of $2.00B, and a high forecast of $2.06B. SKX's average Quarter revenue forecast represents a 0.26% increase compared to the company's last Quarter revenue of $2.02B (Sep 23).
Skechers U. EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | $213.18M | $217.73M | $223.58M | $86.64M | $129.97M | $154.16M | $175.90M | $103.44M | $161.99M | $215.97M | $164.68M | $85.64M | $117.89M | $-35.40M | $98.09M | $106.10M | $156.17M | $122.89M | $169.18M | $157.53M | $131.77M |
| Avg Forecast | $251.15M | $263.69M | $246.66M | $255.49M | $227.72M | $236.71M | $229.44M | $215.88M | $208.35M | $207.11M | $197.12M | $196.26M | $79.30M | $153.22M | $153.68M | $178.42M | $132.40M | $138.55M | $127.56M | $103.82M | $111.76M | $102.42M | $55.78M | $113.18M | $106.50M | $114.83M | $104.11M | $171.53M | $155.40M | $117.13M |
| High Forecast | $253.42M | $266.08M | $248.89M | $258.59M | $228.75M | $237.25M | $229.44M | $259.06M | $211.44M | $213.66M | $198.90M | $235.51M | $95.16M | $153.22M | $153.68M | $214.10M | $132.40M | $138.55M | $127.56M | $124.58M | $111.76M | $102.42M | $55.78M | $135.81M | $106.50M | $114.83M | $104.11M | $205.84M | $186.48M | $140.56M |
| Low Forecast | $248.34M | $260.74M | $243.90M | $249.28M | $226.70M | $236.18M | $229.44M | $172.71M | $205.25M | $203.95M | $194.91M | $157.01M | $63.44M | $153.22M | $153.68M | $142.73M | $132.40M | $138.55M | $127.56M | $83.06M | $111.76M | $102.42M | $55.78M | $90.54M | $106.50M | $114.83M | $104.11M | $137.22M | $124.32M | $93.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.03% | 1.10% | 1.14% | 1.09% | 0.85% | 1.00% | 0.99% | 0.78% | 1.17% | 1.69% | 1.59% | 0.77% | 1.15% | -0.63% | 0.87% | 1.00% | 1.36% | 1.18% | 0.99% | 1.01% | 1.13% |
6 analysts predict SKX's average Quarter EBITDA for Dec 23 to be $208.35M, with a high of $211.44M and a low of $205.25M. This is -2.27% lower than Skechers U.'s previous annual EBITDA (Sep 23) of $213.18M.
Skechers U. Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | $145.41M | $152.76M | $160.44M | $75.52M | $85.89M | $90.40M | $121.22M | $422.60M | $103.14M | $137.37M | $98.57M | $53.28M | $64.28M | $-68.10M | $49.10M | $59.53M | $103.09M | $75.18M | $108.76M | $117.65M | $94.00M |
| Avg Forecast | $144.00M | $201.64M | $174.26M | $243.96M | $114.41M | $177.78M | $146.00M | $136.49M | $84.33M | $126.17M | $82.40M | $124.09M | $308.52M | $108.26M | $84.43M | $112.80M | $51.13M | $109.78M | $79.51M | $62.14M | $45.99M | $56.18M | $-103.95M | $56.65M | $60.24M | $107.59M | $51.98M | $110.27M | $116.06M | $83.55M |
| High Forecast | $145.69M | $204.00M | $176.31M | $251.83M | $119.11M | $178.63M | $146.01M | $163.79M | $97.30M | $138.95M | $83.37M | $148.90M | $370.23M | $108.26M | $84.43M | $135.37M | $51.13M | $109.78M | $79.51M | $74.57M | $45.99M | $56.18M | $-103.95M | $67.99M | $60.24M | $107.59M | $51.98M | $132.32M | $139.27M | $100.26M |
| Low Forecast | $141.90M | $198.70M | $171.72M | $236.09M | $108.14M | $176.93M | $145.99M | $109.19M | $77.84M | $119.78M | $81.20M | $99.27M | $246.82M | $108.26M | $84.43M | $90.24M | $51.13M | $109.78M | $79.51M | $49.72M | $45.99M | $56.18M | $-103.95M | $45.32M | $60.24M | $107.59M | $51.98M | $88.21M | $92.85M | $66.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.15% | 1.85% | 1.29% | 0.24% | 0.79% | 1.07% | 1.07% | 8.26% | 0.94% | 1.73% | 1.59% | 1.16% | 1.14% | 0.66% | 0.87% | 0.99% | 0.96% | 1.45% | 0.99% | 1.01% | 1.13% |
Skechers U.'s average Quarter net income forecast for Dec 23 is $84.33M, with a range of $77.84M to $97.30M. SKX's average Quarter net income forecast represents a -42.01% decrease compared to the company's last Quarter net income of $145.41M (Sep 23).
Skechers U. SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | $858.74M | $842.79M | $755.00M | $823.04M | $753.96M | $743.42M | $648.26M | $715.10M | $630.72M | $652.38M | $527.99M | $595.66M | $536.21M | $432.13M | $508.11M | $548.33M | $511.93M | $505.10M | $429.85M | $439.83M | $356.31M |
| Avg Forecast | $1.01B | $1.06B | $987.66M | $1.02B | $911.82M | $947.83M | $918.71M | $729.92M | $834.24M | $829.30M | $789.28M | $663.57M | $548.24M | $727.92M | $730.10M | $603.24M | $629.04M | $658.23M | $606.05M | $332.86M | $530.98M | $486.60M | $265.02M | $586.28M | $505.99M | $545.53M | $494.64M | $435.82M | $433.88M | $316.72M |
| High Forecast | $1.01B | $1.07B | $996.58M | $1.04B | $915.93M | $949.98M | $918.71M | $875.91M | $846.63M | $855.52M | $796.42M | $796.28M | $657.89M | $727.92M | $730.10M | $723.89M | $629.04M | $658.23M | $606.05M | $399.44M | $530.98M | $486.60M | $265.02M | $703.53M | $505.99M | $545.53M | $494.64M | $522.98M | $520.66M | $380.06M |
| Low Forecast | $994.36M | $1.04B | $976.58M | $998.14M | $907.71M | $945.67M | $918.71M | $583.94M | $821.85M | $816.63M | $780.43M | $530.85M | $438.59M | $727.92M | $730.10M | $482.59M | $629.04M | $658.23M | $606.05M | $266.29M | $530.98M | $486.60M | $265.02M | $469.02M | $505.99M | $545.53M | $494.64M | $348.65M | $347.11M | $253.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 1.07% | 1.14% | 1.50% | 1.04% | 1.02% | 1.07% | 1.14% | 0.96% | 1.08% | 1.59% | 1.12% | 1.10% | 1.63% | 0.87% | 1.08% | 0.94% | 1.02% | 0.99% | 1.01% | 1.13% |
Skechers U.'s average Quarter SG&A projection for Dec 23 is $834.24M, based on 6 Wall Street analysts, with a range of $821.85M to $846.63M. The forecast indicates a -2.85% fall compared to SKX last annual SG&A of $858.74M (Sep 23).
Skechers U. EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 6 | 7 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 15 | 9 | 9 | 16 | 8 | 10 | 16 | 18 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | $0.94 | $0.99 | $1.03 | $0.49 | $0.55 | $0.58 | $0.78 | $2.71 | $0.66 | $0.88 | $0.64 | $0.34 | $0.42 | $-0.44 | $0.32 | $0.39 | $0.67 | $0.49 | $0.71 | $0.75 | $0.61 |
| Avg Forecast | $0.94 | $1.31 | $1.13 | $1.59 | $0.74 | $1.16 | $0.95 | $1.10 | $0.55 | $0.82 | $0.54 | $0.61 | $0.37 | $0.70 | $0.55 | $0.73 | $0.33 | $0.71 | $0.52 | $0.51 | $0.30 | $0.36 | $-0.67 | $0.39 | $0.39 | $0.70 | $0.34 | $0.73 | $0.73 | $0.48 |
| High Forecast | $0.95 | $1.33 | $1.15 | $1.64 | $0.78 | $1.16 | $0.95 | $1.10 | $0.63 | $0.90 | $0.54 | $0.62 | $0.37 | $0.70 | $0.55 | $0.73 | $0.33 | $0.71 | $0.52 | $0.51 | $0.30 | $0.36 | $-0.67 | $0.39 | $0.39 | $0.70 | $0.34 | $0.73 | $0.88 | $0.58 |
| Low Forecast | $0.92 | $1.29 | $1.12 | $1.54 | $0.70 | $1.15 | $0.95 | $1.10 | $0.51 | $0.78 | $0.53 | $0.60 | $0.36 | $0.70 | $0.55 | $0.73 | $0.33 | $0.71 | $0.52 | $0.51 | $0.30 | $0.36 | $-0.67 | $0.39 | $0.39 | $0.70 | $0.34 | $0.73 | $0.58 | $0.38 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.14% | 1.85% | 1.69% | 1.34% | 0.78% | 1.06% | 1.07% | 8.17% | 0.93% | 1.71% | 1.25% | 1.14% | 1.15% | 0.65% | 0.81% | 1.00% | 0.96% | 1.45% | 0.98% | 1.03% | 1.27% |
According to 6 Wall Street analysts, Skechers U.'s projected average Quarter EPS for Dec 23 is $0.55, with a low estimate of $0.51 and a high estimate of $0.63. This represents a -41.62% decrease compared to SKX previous annual EPS of $0.94 (Sep 23).
Skechers U. Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DECK | Deckers Outdoor | - | - | 339.47% | Buy |
| DBI | Designer Brands | - | - | 172.60% | Hold |
| RCKY | Rocky Brands | - | - | 108.03% | Hold |
| CROX | Crocs | - | - | 46.27% | Buy |
| NKE | NIKE | - | - | 41.15% | Buy |
| SKX | Skechers U. | - | - | 18.14% | Buy |
| SHOO | Steven Madden | - | - | 4.16% | Hold |
| CAL | Caleres | - | - | 3.97% | Hold |
| WWW | Wolverine World Wide | - | - | -9.97% | Buy |
| ONON | On | - | - | -13.53% | Buy |