SKX Stock Summary and Trading Ideas (Skechers USA | NYSE:SKX)

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.

Skechers USA trades on the NYSE stock market under the symbol SKX.

As of February 7, 2025, SKX stock price declined to $69.15 with 2,970,258 million shares trading.

SKX has a beta of 0.86, meaning it tends to be less sensitive to market movements. SKX has a correlation of 0.10 to the broad based SPY ETF.

SKX has a market cap of $10.44 billion. This is considered a Large Cap stock.

Last quarter Skechers USA reported $2 billion in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.10.

In the last 3 years, SKX traded as high as $78.85 and as low as $31.28.

The top ETF exchange traded funds that SKX belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

SKX has underperformed the market in the last year with a price return of +19.8% while the SPY ETF gained +23.9%. However, in the short term, SKX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.1% vs +2.7% return in SPY. But in the last 2 weeks, SKX shares have been beat by the market, returning -8.5% compared to an SPY return of -0.8%.

SKX support price is $73.86 and resistance is $77.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SKX shares will trade within this expected range on the day.