Berenberg Bank analyst Brian McNamara reiterated a Buy rating on Skechers USA (NYSE:SKX) on Tuesday, setting a price target of $72, which is approximately 75.27% above the present share price of $41.08.
McNamara expects Skechers USA to post earnings per share (EPS) of $0.88 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Skechers USA, with an average price target of $59.11.
The analysts price targets range from a high of $72 to a low of $43.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.66 billion and a net profit of $201.21 million. The company's market cap is $6.4 billion.
According to TipRanks.com, Berenberg Bank analyst Brian McNamara is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.4% and a 47.37% success rate.
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. The Domestic Wholesale Sales segment distributes footwear through the domestic wholesale distribution channels: department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale Sales segment includes international direct subsidiary sales and international distributor sales. The Retail Sales segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.