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 ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Skechers (SKX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Skechers currently has an average brokerage ...

Skechers U.S.A., Inc. (SKX) has experienced a remarkable jump in its stock price over the past year. The stock has rallied 26.1%, comfortably outpacing the Zacks Shoes and Retail Apparel industry’s sharp decline of 16.6%. The company adapts to evolving consumer preferences by investing in omnichannel capabilities, infrastructure and global market penetration, resulting in significant gains in both wholesale and direct-to-consumer (DTC) segments.This approach, along with SKX’s commitment to innovation in pro ...

Investors looking for stocks in the Shoes and Retail Apparel sector might want to consider either Skechers (SKX) or Birkenstock (BIRK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong ea ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...

Earnings season is always exciting for investors, with companies finally unveiling what’s transpired behind the scenes.And concerning positivity throughout the current Q2 cycle, three companies – Alphabet (GOOGL) , Arm Holdings (ARM) , and Skechers (SKX) – posted quarterly records. Let’s take a closer look at each quarterly print. Alphabet Posts Record Cloud ResultsAlphabet’s quarterly release was overall positive, but the post-earnings reaction certainly didn’t reflect the favorable results. The tech titan ...