Skechers (SKX) is a Top-Ranked Value Stock: Should You Buy?

Core Insights - The article emphasizes the importance of using Zacks Rank and Style Scores to identify stocks with high potential for outperformance in the market [2][4][11]. Company Overview - Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children under the SKECHERS brand and other uniquely branded names [18]. Earnings Estimates - For fiscal 2024, five analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.09 to$4.24 per share [19]. Stock Ratings - Skechers (SKX) currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid position in the market [7][8]. - The company also has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 15.62, making it appealing to value investors [24]. Investment Strategy - To maximize returns, investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, which increases the probability of success [5][6].