Skechers USA Inc (SKX)

Re: Skechers USA Inc (SKX)

Postby winston » Sun Jun 17, 2018 12:28 am

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Long-Term Value Stocks With Hulking Upside: Skechers USA Inc (SKX)

Key Metrics: 14-times forward earnings, 16.5% revenue growth last quarter

The Bull Thesis: Sticking in the athletic retail world, another misunderstood value stock with big upside potential is Skechers USA Inc (NYSE:SKX). Despite being in the same game as Nike (28-times forward earnings), Skechers trades at just 14-times forward earnings.

Why? Because Skechers is viewed by the market as less cool than Nike. And reasonably so. Nike is everyone’s favorite athletic apparel brand. Skechers? Only little kids and old people wear Skechers, right?

Wrong. Skechers is actually growing more quickly than Nike, and that has been the case for several years now. Most of this big growth is powered by international expansion, but the company’s domestic business is also showing healthy growth.

In other words, Skechers is no longer a brand just for little kids and old people. The company has re-invented itself, and the numbers show that this re-invention is working.

From this perspective, at 14-times forward earnings with 16.5% revenue growth last quarter, SKX stock is just too cheap to ignore at present levels.

Source: Investor Place
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Re: Skechers USA Inc (SKX)

Postby winston » Fri Jul 20, 2018 9:20 pm

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Skechers USA (NYSE:SKX) stock tanked 26.47% as second-quarter earnings per share came well under expectations and the company forecasts third-quarter EPS of $0.50 to $0.55, compared to the Factset consensus of $0.67.

Source: Investing.com
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Re: Skechers USA Inc (SKX)

Postby winston » Fri Jul 20, 2018 9:30 pm

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Skechers (SKX) Crashes on Q2 Earnings Miss, Bleak View

Management’s statement of revival in both units during the second half of the year failed to lift investor spirit.

Recorded earnings of 29 cents a share that missed the Zacks Consensus Estimate of 40 cents and management’s projection of 38-43 cents.

We also note that in spite of registering top-line growth, the bottom line declined 23.7% from 38 cents reported in the year-ago period on account of higher operating expenses, unfavorably foreign exchange impacts and a higher effective tax rate.

Skechers prominent international markets, which includesCanada, China, South Korea, Germany, India, and the U.K., witnessed double-digit sales growth in the quarter under review.

China remains one of the important markets with about 5.6 million pairs shipped in the quarter, roughly 775 Skechers freestanding stores, 2,350 points of sale, and a sturdy e-commerce business that registered double-digit growth.

Gross margin expanded 180 basis points (bps) to 49.4%.

Management now projects earnings between 50 cents and 55 cents a share compared with 59 cents delivered in the year-ago period.


Source: Zacks Equity Research

https://finance.yahoo.com/news/skechers ... 12412.html
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Re: Skechers USA Inc (SKX)

Postby winston » Thu Jul 26, 2018 2:25 pm

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Downtrodden Stocks to Buy on the Dip: Skechers (SKX)

Skechers (NYSE:SKX) is going through a bit of a rough patch these days down 12% just in the past week alone and 28% year to date through July 23.

If you look at a five-year chart, Skechers has had two big corrections — the first in October 2015 when it lost around 45% of its value and 33% in April of this year, both over a short period of time — suggesting now might be the perfect time to buy on the dip.

The company’s stock tanked in April because it issued disappointing guidance for the second quarter that included lower sales and earnings than analysts were expecting.

Skechers is known as a company that messes up operationally from time to time so it’s not surprising that investors took the guidance badly.

Fast forward to its Q2 2018 results announced July 19 that included more disappointing guidance for the third quarter. That sent it down another 20% or more on the news.

Despite the bad news, Skechers is in really good shape from a historical perspective both on the top and bottom line. Add to that a balance sheet that’s rock solid and you’ve got your self the perfect buying opportunity to get in while others are fearful.

In the $20s, especially the low $20s, Skechers is an absolute buy.

Source: Investor Place
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Re: Skechers USA Inc (SKX)

Postby winston » Thu Nov 22, 2018 2:13 pm

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Best Stocks to Buy: Skechers USA (SKX)

Skechers (NYSE:SKX) is primed for significant expansion. Even after a 60% rise last year, the company remains notably undervalued compared to its athletic retail peers.

Top Susquehanna analyst Sam Poser recently reiterated a target of $29. The new target indicates a further near-20% upside from the current share price.

Following a blowout fourth-quarter earnings report, Poser is confident that the stock’s solid momentum is here to stay.

“Another significant earnings beat reinforces our belief that SKX is at the beginning of a multiyear run of superior earnings growth and outsized investor returns,” he said.

According to Poser, SKX is now seeing strength in “all its businesses.” The company’s domestic wholesale business is inflecting while the potential for growth in international markets is robust.

He predicts that strong Chinese growth will enable management to meet its targeted $6 billion in revenue by 2020. This suggests an impressive CAGR rate of roughly 13%.

“A premium multiple is warranted as we are confident that the SKX business is on the verge of a material positive inflection,” Poser concludes in his Feb. 9 report.

On Skechers specifically, Poser has a 75% success rate and 37.6% average return across 43 stock ratings.

In the last three months, Skechers has received five buys and five holds, and an average price target of $31.

Source: Investor Place
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Re: Skechers USA Inc (SKX)

Postby winston » Sun Feb 10, 2019 8:30 am

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Skechers hits the ground running

Shares of Skechers USA jumped 15% following the shoe company's release of its fourth-quarter financial report.

Sales rose 11% during the quarter to hit a new record, as a big jump in international business helped Skechers substantially, and executives see the overseas market as the company's greatest opportunity for future growth as well.

With adjusted earnings having soared nearly 50% from year-ago levels, it looks as though Skechers has developed strong momentum that it hopes to carry forward throughout 2019.

Source: Motley Fool
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Re: Skechers USA Inc (SKX)

Postby winston » Thu Aug 29, 2019 2:44 pm

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Skechers (SKX)

Price Target: ~$43
Current Price: ~$28
Implied Upside: Over 50%

Last, but not least, on this list of stocks which Wall Street thinks can rally 50% or more is athletic footwear brand Skechers (NYSE:SKX).

SKX stock soared to $40 in late July after the company reported very strong second-quarter numbers that included robust revenue growth, strong margin expansion, big profit growth and a healthy third-quarter guide.

But the stock has since given up all of those gains — and then some — because of escalating trade tensions, of which Skechers finds itself at the epicenter due to its global growth narrative.

Analysts think this trade war selloff is over done, with a $43 price target on the stock — 50% above today’s price tag. I agree with these bullish analysts.

Skechers is a great company that dominates the mid-price niche in the global athletic apparel market. This great company is firing on all cylinders right now, because the company is doubling down on its vastly under-penetrated international opportunity.

Revenues are running higher. Margins are expanding. Profit growth is as big as it has been in a long time.

And yet, SKX stock trades at a depressed 13-times forward earnings. That’s too cheap for this double-digit revenue grower with upside margin drivers. As such, once trade tensions ease — and they are already starting to — SKX stock should soar in a big way.

Source: Investor Place
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