In the latest trading session, Skechers (SKX) closed at $65.94, marking a -0.09% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.71%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.6%.Prior to today's trading, shares of the shoe company had gained 1.76% over the past month. This has lagged the Consumer Discretionary sector's gain of 6.39% and the S&P 500's gain of 6.41% in that time.The investment community will be paying close attenti ...

Company Performance - Skechers (SKX) closed at $65.13, reflecting a -1.79% change from the previous day, underperforming the S&P 500 which lost 0.17% [1] - Over the last month, Skechers shares decreased by 1.59%, while the Consumer Discretionary sector gained 3.63% and the S&P 500 gained 1.25% [1] - The upcoming earnings report on October 24, 2024, is expected to show earnings of $1.15 per share, representing a year-over-year growth of 23.66% [1] - The Zacks Consensus Estimate for revenue is projected at $2.32 billion, an increase of 14.73% from the previous year [1][2] Analyst Estimates - For the full year, earnings are projected at $4.15 per share and revenue at $8.94 billion, indicating changes of +18.91% and +11.79% respectively from the prior year [2] - Recent changes to analyst estimates reflect shifting business dynamics, with positive revisions indicating confidence in the company's performance [2] - The Zacks Rank system, which assesses estimated changes, currently ranks Skechers at 4 (Sell) [3] Valuation Metrics - Skechers has a Forward P/E ratio of 15.99, aligning with the industry average [3] - The company has a PEG ratio of 0.94, compared to the industry average PEG ratio of 1.62 [3] Industry Overview - The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector and holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Skechers (SKX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this shoe company have returned -1.6%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Shoes and Retail Apparel industry, which Skechers falls in, has lost 0.6%. The key question now is: What could be the stock's future direction?While ...

Company Overview - Skechers is a well-known footwear and apparel company founded in 1992 and based in California [1] - The company went public in 1999 and currently has a market capitalization of approximately $10 billion [1] Investment Perspective - The investment style focuses on fundamental analysis, seeking companies with strong growth prospects that are trading at low multiples [1] - There is an emphasis on identifying hidden gem companies with solid balance sheets and effective management [1]

In the latest market close, Skechers (SKX) reached $68.48, with a -1.08% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%.Shares of the shoe company witnessed a gain of 1.08% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 4.45% and the S&P 500's gain of 2.43%.Market participants will be closely followi ...

A weak update on China sank the stock.While the broad stock market was soaring on interest rate cuts today, Skechers (SKX -9.62%), the casual footwear specialist, was moving in the opposite direction, tumbling after it told investors that China sales were weaker than expected at an industry conference.As a result, the stock finished down 9.6% on the news. China struggles continueSkechers is far from the only U.S. consumer-discretionary company that's struggling in China as Nike, Apple, and Starbucks have al ...

Skechers U.S.A., Inc. (SKX) has demonstrated strong upward momentum, consistently trading above both its 200-day and 50-day simple moving averages (SMA), which are important indicators of price stability and long-term bullish trends. As of Sept. 13, SKX was trading at $67.30, which surpassed both its 200-day SMA of $63.87 and its 50-day SMA of $65.44, highlighting a continued uptrend.SMA is a key tool in technical analysis used to assess price trends by smoothing out short-term fluctuations, offering a clea ...

Core Viewpoint - Skechers U.S.A., Inc. has experienced a significant stock price increase of 45.3% over the past year, outperforming the Zacks Shoes and Retail Apparel industry's decline of 12.4%, driven by investments in omnichannel capabilities, infrastructure, and global market expansion [1] Group 1: Financial Performance - Skechers reported a 5.5% year-over-year increase in wholesale sales, reaching $1.13 billion in the second quarter, with domestic wholesale sales rising by 14% [4] - The direct-to-consumer (DTC) segment saw a 9.2% year-over-year sales increase to $1.03 billion in the second quarter, with international DTC sales surging 15.2% [4] - For fiscal 2024, Skechers raised its sales forecast to $8.88 - $8.98 billion from a previous range of $8.73 - $8.88 billion, reflecting growth from $8 billion reported in fiscal 2023 [6] Group 2: Market Strategy - Skechers is enhancing its market position through a diverse brand portfolio that includes fashion, athletic, non-athletic, and work footwear, allowing for new product introductions without cannibalizing existing lines [3] - The company is investing in global infrastructure to bolster its omnichannel capabilities, including retail stores, e-commerce platforms, and distribution centers [3] - International sales grew by 6.9% year-over-year, accounting for 60% of total revenues, with the EMEA region experiencing a 13.7% increase [5] Group 3: Valuation and Technical Indicators - Skechers' shares are trading at a forward 12-month price-to-earnings ratio of 15.26, below the five-year median of 15.41 and the industry's average of 23.15, indicating an attractive investment opportunity [2] - The stock is trading above its 50-day and 200-day moving averages, reflecting strong upward momentum and price stability [2] Group 4: Analyst Sentiment - Analysts have positively revised the Zacks Consensus Estimate for EPS, with the current year estimate increased by 5 cents to $4.16 per share [7]

Core Points - Petco Love and BOBS® from Skechers® are celebrating National Matchmaker Day by recognizing the efforts of adoption coordinators and shelter staff who facilitate pet adoptions across over 4,000 animal welfare organizations in the U.S. [1][2][3] Group 1: Company Initiatives - Petco Love has helped find homes for over 6.9 million pets and has invested nearly $400 million in adoption and lifesaving efforts since its inception [7][8]. - BOBS® from Skechers® has contributed over $11 million to support animal welfare, aiding more than 2 million shelter pets, including over 1.6 million rescued animals [10]. Group 2: Adoption Process - Adoption coordinators play a crucial role in matching pets with potential adopters by understanding the adopters' needs and the unique personalities of the pets [3][4]. - Keeping an open mind is emphasized for potential adopters, as unexpected matches can lead to the best companionships [5]. Group 3: Community Engagement - The organizations encourage community involvement through fostering, stating that if 2% of pet-owning households in the U.S. fostered one pet a year, it could eliminate preventable euthanasia [6]. - Volunteers and fosters are essential for supporting shelter staff in making successful pet matches [6].

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Zacks has developed the innov ...