B.Riley FBR analyst Susan Anderson maintained a Buy rating on Skechers USA (NYSE:SKX) Inc on Friday, setting a price target of $39, which is approximately 25.52% above the present share price of $31.07.
Anderson expects Skechers USA Inc to post earnings per share (EPS) of $0.32 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Skechers USA, with an average price target of $38.29.
The analysts price targets range from a high of $43 to a low of $32.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.24 billion and a net profit of $44.81 million. The company's market cap is $4.9 billion.
According to TipRanks.com, B.Riley FBR analyst Susan Anderson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.7% and a 38.62% 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.