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Skechers U. (SKX) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SKX Stock Forecast

Skechers U. stock forecast is as follows: an average price target of $79.80 (represents a 17.96% upside from SKX’s last price of $67.65) 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 $79.80 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $72.00. This represents a potential 17.96% upside from SKX's last price of $67.65.

SKX Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 09, 2024Sam PoserWilliams Trading$85.00$72.1717.77%25.65%
Oct 15, 2024Jesalyn WongEvercore ISI$72.00$63.1713.98%6.43%
Jul 26, 2024Tom NikicWedbush$79.00$63.7124.00%16.78%
Jul 26, 2024Jim DuffyStifel Nicolaus$83.00$63.7130.28%22.69%
Jul 26, 2024Sam PoserWilliams Trading$80.00$65.4922.16%18.26%
Jul 25, 2024Tom NikicWedbush$76.00$64.3318.14%12.34%
Jul 22, 2024Alex StratonMorgan Stanley$80.00$64.2124.59%18.26%
Jun 12, 2024Krisztina KataiDeutsche Bank$82.00$74.5010.07%21.21%
Jun 12, 2024Andrew BauchWells Fargo$83.00$73.8512.39%22.69%
Jun 07, 2024Jay SoleUBS$88.00$72.8620.79%30.08%
Apr 19, 2024Tom NikicWedbush$68.00$56.5520.25%0.52%
Apr 17, 2024Jesalyn WongEvercore ISI$68.00$57.3918.49%0.52%
Apr 09, 2024Abbie ZvejnieksPiper Sandler$69.00$58.2518.45%2.00%
Apr 01, 2024Adrienne YihBarclays$71.00$61.2615.90%4.95%
Dec 29, 2022Abbie ZvejnieksPiper Sandler$42.00$41.620.91%-37.92%
Oct 12, 2022Rick PatelRaymond James$40.00$34.6115.57%-40.87%
Apr 27, 2022Morgan Stanley$62.00$39.4457.20%-8.35%
Oct 18, 2021Jay SoleUBS$70.00$43.6660.33%3.47%
Jul 21, 2021John KernanCowen & Co.$55.00$50.269.43%-18.70%
Jul 20, 2021Jim ChartierMonness$55.00$48.7712.77%-18.70%
Apr 23, 2021Jim DuffyStifel Nicolaus$52.00$51.900.19%-23.13%

The latest Skechers U. stock forecast, released on Dec 09, 2024 by Sam Poser from Williams Trading, set a price target of $85.00, which represents a 17.77% increase from the stock price at the time of the forecast ($72.17), and a 25.65% increase from SKX last price ($67.65).

Skechers U. Price Target by Period

1M3M12M
# Anlaysts1214
Avg Price Target$85.00$78.50$77.43
Last Closing Price$67.65$67.65$67.65
Upside/Downside25.65%16.04%14.46%

In the current month, the average price target of Skechers U. stock is $85.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 25.65% increase as opposed to Skechers U.'s last price of $67.65. This month's average price target is up 8.28% compared to last quarter, and up 9.78% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024Evercore ISIOutperformOutperformHold
Jul 26, 2024Evercore ISIOutperformOutperformHold
Jul 26, 2024BarclaysOverweightOverweightHold
Jul 25, 2024WedbushOutperformOutperformHold
Jul 22, 2024Morgan StanleyEqual-WeightOverweightUpgrade
Jul 22, 2024Wells FargoBuyBuyHold
Jul 22, 2024Cowen & Co.BuyBuyHold
Jun 12, 2024Wells FargoUnderweightOverweightInitialise
Jun 07, 2024UBSBuyBuyHold
Jun 07, 2024WedbushBuyBuyHold
Jun 07, 2024Evercore ISIUnderperformUnderperformHold
Jun 07, 2024Bank of America SecuritiesBuyUpgrade
May 17, 2024Evercore ISIUnderperformUnderperformHold
May 17, 2024WedbushBuyBuyHold
Apr 19, 2024WedbushOutperformOutperformHold
Apr 17, 2024Evercore ISIOutperformOutperformHold
Apr 09, 2024Piper SandlerOverweightOverweightHold
Apr 01, 2024BarclaysEqual-WeightOverweightInitialise
Feb 05, 2024Raymond JamesOutperformOutperformHold
Sep 18, 2023Piper SandlerNeutralOverweightUpgrade
Apr 28, 2023CFRAHoldUpgrade
Jan 23, 2023Cowen & Co.Market PerformOutperformUpgrade
Jan 23, 2023Deutsche BankBuyBuyHold
Jan 06, 2023BTIGBuyUpgrade
Jan 06, 2023Argus ResearchBuyUpgrade
Jan 06, 2023J.P. MorganHoldDowngrade
Jan 06, 2023Cowen & Co.Market PerformDowngrade
Jan 06, 2023Wells FargoUnderweightDowngrade
Jan 06, 2023Morgan StanleyOverweightEqual-WeightDowngrade
Jan 06, 2023BarclaysEqual-WeightDowngrade
Dec 29, 2022Piper SandlerNeutralInitialise
Dec 01, 2022Raymond JamesOutperformOutperformHold
Oct 12, 2022Raymond JamesOutperformInitialise
Apr 27, 2022Morgan StanleyOverweightOverweightHold
Apr 26, 2022OTR GlobalPositiveUpgrade
Apr 26, 2022WedbushOutperformUpgrade

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
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
Avg Forecast$2.67B$2.80B$2.58B$2.70B$2.44B$2.56B$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
High Forecast$2.69B$2.83B$2.61B$2.72B$2.47B$2.59B$2.43B$2.52B$2.23B$2.31B$2.24B$2.20B$2.06B$2.08B$1.94B$1.88B$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
Low Forecast$2.63B$2.76B$2.54B$2.66B$2.41B$2.53B$2.37B$2.43B$2.21B$2.30B$2.24B$2.20B$2.00B$1.99B$1.90B$1.83B$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
# Analysts54544348843368544343545451599168
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%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348843368544343545451599168
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
Avg Forecast$273.64M$287.23M$264.60M$276.70M$250.36M$263.13M$246.54M$255.37M$227.75M$236.81M$229.53M$215.88M$208.43M$207.19M$197.20M$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
High Forecast$276.65M$290.39M$267.51M$279.74M$253.12M$266.03M$249.25M$258.48M$228.78M$237.35M$229.53M$259.06M$211.52M$213.74M$199.37M$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
Low Forecast$270.09M$283.51M$261.17M$273.11M$247.12M$259.72M$243.34M$249.17M$226.73M$236.27M$229.53M$172.71M$205.33M$204.03M$194.64M$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
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%

6 analysts predict SKX's average Quarter EBITDA for Dec 23 to be $208.43M, with a high of $211.52M and a low of $205.33M. This is -2.23% lower than Skechers U.'s previous annual EBITDA (Sep 23) of $213.18M.

Skechers U. Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348843368544343545451599168
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
Avg Forecast$139.83M$215.13M$205.91M$296.57M$139.45M$199.51M$175.00M$242.71M$114.02M$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
High Forecast$141.83M$218.20M$208.85M$300.81M$141.44M$202.36M$177.51M$252.17M$118.70M$178.63M$146.01M$163.79M$97.30M$138.95M$83.58M$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
Low Forecast$137.48M$211.50M$202.44M$291.57M$137.10M$196.15M$172.06M$233.25M$107.77M$176.93M$145.99M$109.19M$77.84M$119.78M$81.01M$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
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%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348843368544343545451599168
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
Avg Forecast$1.10B$1.15B$1.06B$1.11B$1.00B$1.05B$986.67M$1.02B$911.50M$947.73M$918.62M$729.92M$834.16M$829.22M$789.20M$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
High Forecast$1.11B$1.16B$1.07B$1.12B$1.01B$1.06B$997.53M$1.03B$915.61M$949.89M$918.62M$875.91M$846.55M$855.44M$797.89M$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
Low Forecast$1.08B$1.13B$1.05B$1.09B$989.00M$1.04B$973.88M$997.21M$907.40M$945.58M$918.62M$583.94M$821.77M$816.55M$778.98M$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
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%

Skechers U.'s average Quarter SG&A projection for Dec 23 is $834.16M, based on 6 Wall Street analysts, with a range of $821.77M to $846.55M. The forecast indicates a -2.86% fall compared to SKX last annual SG&A of $858.74M (Sep 23).

Skechers U. EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts54544348843368544343545451599168
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
Avg Forecast$0.91$1.40$1.34$1.93$0.91$1.30$1.14$1.58$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
High Forecast$0.92$1.42$1.36$1.96$0.92$1.32$1.16$1.64$0.77$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
Low Forecast$0.89$1.38$1.32$1.90$0.89$1.28$1.12$1.52$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
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%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DBIDesigner Brands$5.96$13.33123.66%Hold
CROXCrocs$111.55$145.6430.56%Buy
CALCaleres$23.88$30.0025.63%Hold
NKENIKE$78.00$93.4119.76%Buy
SKXSkechers U.$68.29$79.8016.85%Buy
RCKYRocky Brands$23.38$25.006.93%Hold
SHOOSteven Madden$43.26$42.50-1.76%Hold
ONONOn$56.64$53.92-4.80%Buy
DECKDeckers Outdoor$210.37$190.45-9.47%Buy
WWWWolverine World Wide$23.16$19.14-17.36%Buy

SKX Forecast FAQ

Is Skechers U. a good buy?

Yes, according to 16 Wall Street analysts, Skechers U. (SKX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 87.50% of SKX's total ratings.

What is SKX's price target?

Skechers U. (SKX) average price target is $79.8 with a range of $72 to $85, implying a 17.96% from its last price of $67.65. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Skechers U. stock go up soon?

According to Wall Street analysts' prediction for SKX stock, the company can go up by 17.96% (from the last price of $67.65 to the average price target of $79.8), up by 25.65% based on the highest stock price target, and up by 6.43% based on the lowest stock price target.

Can Skechers U. stock reach $100?

SKX's average twelve months analyst stock price target of $79.8 does not support the claim that Skechers U. can reach $100 in the near future.

What is Skechers U.'s current price target trend?

1 Wall Street analyst forecast a $85 price target for Skechers U. (SKX) this month, up 25.65% from its last price of $67.65. Compared to the last 3 and 12 months, the average price target increased by 16.04% and increased by 14.46%, respectively.

What are Skechers U.'s analysts' financial forecasts?

Skechers U.'s analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.89B (high $10B, low $9.73B), average EBITDA is $1.02B (high $1.03B, low $999.35M), average net income is $756.67M (high $773.48M, low $738.55M), average SG&A $4.06B (high $4.11B, low $4B), and average EPS is $4.92 (high $5.03, low $4.81). SKX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $10.74B (high $10.85B, low $10.6B), average EBITDA is $1.1B (high $1.11B, low $1.09B), average net income is $857.43M (high $869.69M, low $842.99M), average SG&A $4.41B (high $4.46B, low $4.35B), and average EPS is $5.58 (high $5.66, low $5.49).

Did the SKX's actual financial results beat the analysts' financial forecasts?

Based on Skechers U.'s last annual report (Dec 2022), the company's revenue was $7.44B, beating the average analysts forecast of $7.06B by 5.43%. Apple's EBITDA was $546.67M, missing the average prediction of $564.61M by -3.18%. The company's net income was $373.03M, missing the average estimation of $614.01M by -39.25%. Apple's SG&A was $2.97B, beating the average forecast of $2.61B by 13.76%. Lastly, the company's EPS was $2.4, beating the average prediction of $2.34 by 2.49%. In terms of the last quarterly report (Sep 2023), Skechers U.'s revenue was $2.02B, beating the average analysts' forecast of $2.02B by 0.34%. The company's EBITDA was $213.18M, beating the average prediction of $207.19M by 2.89%. Skechers U.'s net income was $145.42M, beating the average estimation of $126.17M by 15.25%. The company's SG&A was $858.74M, beating the average forecast of $829.22M by 3.56%. Lastly, the company's EPS was $0.94, beating the average prediction of $0.821 by 14.48%