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 November 22, 2024, SKX stock price climbed to $61.69 with 1,601,443 million shares trading.

SKX has a beta of 0.96, meaning it tends to be less sensitive to market movements. SKX has a correlation of 0.12 to the broad based SPY ETF.

SKX has a market cap of $9.41 billion. This is considered a Mid Cap stock.

Last quarter Skechers USA reported $2 billion in Revenue and $1.26 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.11.

In the last 3 years, SKX traded as high as $75.09 and as low as $31.28.

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

SKX has underperformed the market in the last year with a price return of +11.9% while the SPY ETF gained +32.4%. SKX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.3% and -1.0%, respectively, while the SPY returned +7.4% and -0.4%, respectively.

SKX support price is $59.80 and resistance is $62.22 (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.