Skechers(SKX)

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Why Skechers (SKX) is a Top Growth Stock for the Long-Term
ZACKS· 2024-06-27 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...
Are You Looking for a Top Momentum Pick? Why Skechers (SKX) is a Great Choice
ZACKS· 2024-06-26 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Looking for a Growth Stock? 3 Reasons Why Skechers (SKX) is a Solid Choice
ZACKS· 2024-06-25 17:45
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. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made ...
Skechers (SKX) Rides On Brand Lineups, Growth Strategies
ZACKS· 2024-06-24 15:05
Skechers U.S.A., Inc. (SKX) is making significant strides in the market with its diverse brand offerings, innovative digital capabilities and expansive global growth strategies. The company's strategic focus, especially in the direct-to-consumer (DTC) and international segments, showcases its ability to adapt to changing consumer preferences, and positions it for sustained growth and market leadership.This Zacks Rank #1 (Strong Buy) company has demonstrated remarkable market performance over the past year, ...
Skechers (SKX) Stays Ahead of the Industry Curve: Here's Why
ZACKS· 2024-06-18 16:30
Skechers (SKX) has showcased impressive resilience and growth in the stock market, achieving notable performance over the last three months. This Manhattan Beach, CA-based company has witnessed a commendable 20.3% increase against the industry’s decline of 1.9%. This success can be attributed to its strategic focus on a diverse brand portfolio, advanced digital innovations and bold global growth initiatives.Skechers has built a strong reputation in Shoes and Retail Apparel Industry by consistently intensify ...
Is It Worth Investing in Skechers (SKX) Based on Wall Street's Bullish Views?
ZACKS· 2024-06-12 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 ...
Skechers (SKX) Rides On Robust DTC Segment, Digital Initiatives
ZACKS· 2024-06-11 16:55
Skechers U.S.A., Inc. (SKX) continues to lead the market through its strategic emphasis on a varied brand lineup, cutting-edge digital capabilities, and ambitious global expansion plans. The company’s well-devised growth strategies, particularly in its direct-to-consumer (DTC) and international segments, not only demonstrate its agility in responding to shifting consumer tastes but also bolster its potential for sustained growth and market dominance.Exploring the DetailsTo maintain its competitive edge and ...
Skechers (SKX) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-06-10 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Skechers (SKX) - Skechers currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [2] Price Performance - Over the past week, Skechers shares increased by 2.03%, while the Zacks Shoes and Retail Apparel industry declined by 1.4% [3] - In the last month, Skechers' stock price rose by 7.51%, outperforming the industry's 3.78% [3] - Over the past quarter, shares of Skechers have increased by 19.64%, and over the last year, they have gained 35.45% [4] - In comparison, the S&P 500 index moved 4.05% and 27.26% over the same periods [4] Trading Volume - The average 20-day trading volume for Skechers is 1,357,796 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, 7 earnings estimates for Skechers have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.82 to $4.07 [5] - For the next fiscal year, 7 estimates have also moved upwards without any downward revisions [5] Conclusion - Given the strong momentum indicators and positive earnings outlook, Skechers is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a potential investment opportunity [6]
Skechers U.S.A., Inc. (SKX) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-06-10 14:16
Shares of Skechers (SKX) have been strong performers lately, with the stock up 7.5% over the past month. The stock hit a new 52-week high of $73.84 in the previous session. Skechers has gained 16.9% since the start of the year compared to the -2% move for the Zacks Consumer Discretionary sector and the -7.7% return for the Zacks Shoes and Retail Apparel industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus es ...
Skechers (SKX) Thrives on Diversification & Digital Expansion
zacks.com· 2024-05-28 14:41
Skechers U.S.A., Inc. (SKX) remains at the forefront due to its strategic focus on diverse brand offerings, advanced digital capabilities and ambitious global expansion. The company's well-formulated growth strategies, particularly evident in its direct-to-consumer (DTC) and international business segments, not only mirror its adeptness in adapting to evolving consumer preferences but also strengthen its position for ongoing growth and market leadership.This Zacks Rank #1 (Strong Buy) company has demonstrat ...