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


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SKX Stock Forecast


Skechers U. stock forecast is as follows: an average price target of $71.77 (represents a 6.64% upside from SKX’s last price of $67.30) 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 $71.77 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 6.64% upside from SKX's last price of $67.30.

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
Jul 26, 2024Tom NikicWedbush$79.00$63.7124.00%17.38%
Jul 26, 2024Jim DuffyStifel Nicolaus$83.00$63.7130.28%23.33%
Jul 26, 2024Sam PoserWilliams Trading$80.00$65.4922.16%18.87%
Jul 25, 2024Tom NikicWedbush$76.00$64.3318.14%12.93%
Jul 22, 2024Alex StratonMorgan Stanley$80.00$64.2124.59%18.87%
Jun 12, 2024Krisztina KataiDeutsche Bank$82.00$74.5010.07%21.84%
Jun 12, 2024Andrew BauchWells Fargo$83.00$73.8512.39%23.33%
Jun 07, 2024Jay SoleUBS$88.00$72.8620.79%30.76%
Apr 19, 2024Tom NikicWedbush$68.00$56.5520.25%1.04%
Apr 17, 2024Jesalyn WongEvercore ISI$68.00$57.3918.49%1.04%
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The latest Skechers U. stock forecast, released on Jul 26, 2024 by Tom Nikic from Wedbush, set a price target of $79.00, which represents a 24.00% increase from the stock price at the time of the forecast ($63.71), and a 17.38% increase from SKX last price ($67.30).

Skechers U. Price Target by Period


1M3M12M
# Anlaysts-512
Avg Price Target-$79.60$77.25
Last Closing Price$67.30$67.30$67.30
Upside/Downside-100.00%18.28%14.78%

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 $67.30. 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


DateCompanyPrevious RatingNew RatingRating Change
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
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Skechers U.'s last stock rating was published by Evercore ISI on Jul 26, 2024. The company gave SKX a "Outperform" rating, the same as its previous rate.

Skechers U. Financial Forecast


Skechers U. Revenue Forecast

Dec 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 19Jun 19Mar 19Mar 18Mar 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$2.53B$2.40B$2.49B$2.21B$2.32B$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$2.50B$2.57B$2.44B$2.54B$2.25B$2.34B$2.28B$2.24B$2.06B$2.08B$1.96B$1.89B$1.80B$1.83B$1.82B$1.71B$1.56B$1.64B$1.51B$1.36B$1.32B$1.21B$659.33M$1.23B$1.26B$1.36B$1.23B$1.31B$1.48B$1.16B
Low Forecast$2.43B$2.50B$2.37B$2.46B$2.19B$2.30B$2.21B$2.18B$2.00B$1.99B$1.90B$1.84B$1.75B$1.77B$1.78B$1.67B$1.53B$1.60B$1.47B$1.33B$1.29B$1.18B$644.79M$1.20B$1.23B$1.33B$1.20B$1.28B$986.75M$772.42M
# Analysts8544115436854434354545159916810161810
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 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 19Jun 19Mar 19Mar 18Mar 17
# Analysts8544115436854434354545159916810161810
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$209.54M$215.80M$204.53M$212.67M$188.94M$197.85M$190.91M$215.88M$173.35M$172.33M$164.01M$196.26M$151.23M$195.28M$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$213.34M$219.71M$208.23M$216.52M$192.36M$199.56M$194.36M$259.06M$175.93M$177.78M$166.98M$235.51M$153.96M$234.34M$155.10M$214.10M$133.63M$139.83M$128.75M$124.58M$112.80M$103.37M$56.30M$135.81M$107.49M$115.89M$105.08M$205.84M$186.48M$140.56M
Low Forecast$207.09M$213.28M$202.13M$210.19M$186.73M$196.15M$188.67M$172.71M$170.78M$169.70M$162.09M$157.01M$149.46M$156.22M$151.68M$142.73M$130.68M$136.75M$125.91M$83.06M$110.31M$101.09M$55.06M$90.54M$105.12M$113.33M$102.76M$137.22M$124.32M$93.70M
Surprise %---------1.24%1.33%1.14%0.57%0.67%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 $173.35M, with a high of $175.93M and a low of $170.78M. This is -18.68% lower than Skechers U.'s previous annual EBITDA (Sep 23) of $213.18M.

Skechers U. Net Income Forecast

Dec 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 19Jun 19Mar 19Mar 18Mar 17
# Analysts8544115436854434354545159916810161810
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$143.93M$208.34M$176.23M$246.85M$117.78M$180.11M$146.49M$136.49M$84.61M$126.59M$82.68M$124.09M$56.42M$124.33M$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$147.32M$213.24M$180.37M$252.66M$126.95M$189.50M$149.94M$163.79M$97.63M$139.41M$84.62M$148.90M$57.74M$149.20M$85.44M$135.37M$51.75M$111.10M$80.47M$74.57M$46.54M$56.86M$-102.19M$67.99M$60.96M$108.88M$52.60M$132.32M$139.27M$100.26M
Low Forecast$141.75M$205.17M$173.55M$243.10M$107.07M$175.41M$144.26M$109.19M$78.10M$120.18M$81.42M$99.27M$55.56M$99.47M$83.00M$90.24M$50.27M$107.92M$78.17M$49.72M$45.21M$55.23M$-105.20M$45.32M$59.22M$105.77M$51.10M$88.21M$92.85M$66.84M
Surprise %---------1.15%1.85%1.29%1.34%0.69%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 $84.61M, with a range of $78.10M to $97.63M. SKX's average Quarter net income forecast represents a -41.81% decrease compared to the company's last Quarter net income of $145.41M (Sep 23).

Skechers U. SG&A Forecast

Dec 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 19Jun 19Mar 19Mar 18Mar 17
# Analysts8544115436854434354545159916810161810
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$995.53M$1.03B$971.68M$1.01B$897.66M$939.99M$906.98M$729.92M$823.59M$818.71M$779.21M$663.57M$718.46M$760.32M$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$1.04B$989.28M$1.03B$913.91M$948.09M$923.40M$875.91M$835.83M$844.60M$793.31M$796.28M$731.47M$912.38M$736.86M$723.89M$634.86M$664.32M$611.66M$399.44M$535.90M$491.11M$267.47M$703.53M$510.67M$550.58M$499.22M$522.98M$520.66M$380.06M
Low Forecast$983.89M$1.01B$960.32M$998.58M$887.16M$931.88M$896.38M$583.94M$811.36M$806.21M$770.09M$530.85M$710.06M$608.25M$720.61M$482.59M$620.85M$649.67M$598.17M$266.29M$524.08M$480.27M$261.57M$469.02M$499.41M$538.44M$488.20M$348.65M$347.11M$253.37M
Surprise %---------1.05%1.08%1.14%1.15%0.99%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 $823.59M, based on 6 Wall Street analysts, with a range of $811.36M to $835.83M. The forecast indicates a -4.09% fall compared to SKX last annual SG&A of $858.74M (Sep 23).

Skechers U. EPS Forecast

Dec 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 19Jun 19Mar 19Mar 18Mar 17
# Analysts8544115436854434354545159916810161810
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$0.93$1.35$1.14$1.60$0.76$1.17$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$0.96$1.38$1.17$1.64$0.82$1.23$0.97$1.13$0.63$0.90$0.55$0.62$0.37$0.72$0.55$0.73$0.34$0.72$0.52$0.52$0.30$0.37$-0.66$0.40$0.40$0.71$0.34$0.73$0.88$0.58
Low Forecast$0.92$1.33$1.13$1.58$0.69$1.14$0.94$1.08$0.51$0.78$0.53$0.60$0.36$0.69$0.54$0.71$0.33$0.70$0.51$0.50$0.29$0.36$-0.68$0.39$0.38$0.69$0.33$0.71$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DBIDesigner Brands$5.81$13.33129.43%Hold
RCKYRocky Brands$31.48$62.0096.95%Hold
NKENIKE$79.01$108.8237.73%Buy
WWWWolverine World Wide$14.71$18.7827.67%Hold
CROXCrocs$128.77$147.3614.44%Buy
SKXSkechers U.$67.30$71.776.64%Buy
DECKDeckers Outdoor$935.07$976.634.44%Buy
SHOOSteven Madden$45.61$46.000.86%Hold
CALCaleres$31.80$31.67-0.41%Hold
ONONOn$48.63$43.47-10.61%Buy

SKX Forecast FAQ


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.

Skechers U. (SKX) average price target is $71.77 with a range of $40 to $88, implying a 6.64% from its last price of $67.3. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SKX stock, the company can go up by 6.64% (from the last price of $67.3 to the average price target of $71.77), up by 30.76% based on the highest stock price target, and down by -40.56% based on the lowest stock price target.

SKX's average twelve months analyst stock price target of $71.77 does not support the claim that Skechers U. can reach $100 in the near future.

Skechers U.'s analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $8.97B (high $9.11B, low $8.87B), average EBITDA is $793.59M (high $845.35M, low $744.26M), average net income is $580.87M (high $630.19M, low $535.94M), average SG&A $3.47B (high $3.66B, low $3.3B), and average EPS is $3.98 (high $4.15, low $3.85). SKX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.87B (high $10.05B, low $9.75B), average EBITDA is $842.55M (high $857.8M, low $832.69M), average net income is $775.35M (high $793.59M, low $763.56M), average SG&A $4B (high $4.08B, low $3.96B), and average EPS is $5.03 (high $5.15, low $4.95).

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 $678.6M by -19.44%. The company's net income was $373.03M, missing the average estimation of $377.98M by -1.31%. Apple's SG&A was $2.97B, beating the average forecast of $2.81B by 5.57%. 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 $172.33M by 23.71%. Skechers U.'s net income was $145.42M, beating the average estimation of $126.59M by 14.87%. The company's SG&A was $858.74M, beating the average forecast of $818.71M by 4.89%. Lastly, the company's EPS was $0.94, beating the average prediction of $0.821 by 14.48%