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How to Buy Skechers Usa Stock

Skechers Usa Inc

Skechers Usa is a shoe company located in California, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SKX on the NYSE exchange.

Skechers Usa stock last closed at $62.60, up 1.85% from the previous day, and has increased 34.62% in one year. It has overperformed other stocks in the Footwear & Accessories industry by 0.11 percentage points. Skechers Usa stock is currently +32.26% from its 52-week low of $47.33, and -16.63% from its 52-week high of $75.09.

As of Nov 1, 2024, there are 150.97M shares of SKX outstanding. The market capitalization of SKX is $9.45B. In the past 24 hours, 1.98M SKX shares were traded.

How to Buy Skechers Usa Stock

Wondering how to invest in Skechers Usa stock? Here's how.
  1. Figure out where to buy Skechers Usa stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Skechers Usa stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Select your payment method and add your info.
  4. Research Skechers Usa stock: The Skechers Usa ticker symbol is SKX. Is Skechers Usa stock a good investment? Should you buy shares of SKX? How do SKX's underlying business fundamentals look? Do top analysts think Skechers Usa is a good buy? Why has SKX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if SKX is a good stock to buy).
  5. Place your SKX trade: Decide if you will purchase SKX shares at the current market price or use a limit order to purchase SKX stock at a specific price.
  6. Get updates on your investment in SKX: Create a watchlist to get the latest news on your position in Skechers Usa stock.

Step 1: Figure out where to buy Skechers Usa stock

You will need a brokerage account in order to access the NYSE market and buy SKX shares.

A brokerage account allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal information so you can invest in SKX stock today.

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Step 3: Fund your investment account

Now that you have opened your account on apps for stocks, your next step is to transfer the money for your investment:

Check out the walkthrough below to see the process of depositing money into your investment account.

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Step 4: Research Skechers Usa stock

After you have chosen the best place to buy Skechers Usa stock, it's absolutely critical to evaluate their stock before you buy, so you can understand the risk and opportunity.

Skechers Usa quick stats

SKX Price
$62.60
1w %
5.73%
1y %
34.62%
5y %
65.74%
P/E
15.23x
P/B
2.17x
P/S
1.09x
PEG
1.93x
Revenue
$8.72B
Earnings
$627.33M
Fore. Rev. Growth
6.12%
Fore. Earn. Growth
8.77%
Market Cap
$9.45B
Next Earnings
N/A
Next Dividend
N/A

Skechers Usa Overview

WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on SKX's stock page.

Is SKX stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge SKX's intrinsic value.

Using relative valuations metrics:

  • SKX may be undervalued based on its P/E ratio of 15.23x, relative to Footwear & Accessories industry P/E ratio of 28.78x
  • SKX may be undervalued based on its P/B ratio of 2.17x, relative to Footwear & Accessories industry P/B ratio of 6.43x
  • SKX could be overvalued based on its PEG ratio of 1.93x

You can access more valuation analysis on SKX's stock here.

Is SKX a healthy company?

Positive Health Checks:

  • There are more short-term assets than long-term liabilities on the SKX balance sheet.
  • SKX earnings of $788.65M is not sufficient to cover its interest payments.
  • SKX profit margin has gone up from 6.7% to 7.2% in the past year.
  • SKX's operating cash flow of $767.20M allows it to safely service it's debt of $2.09B.
  • There are more short-term assets than short-term liabilities on the SKX balance sheet.
  • Total SKX debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • SKX has a relatively high debt to equity ratio of 0.86.

Is it a good time to buy SKX stock, according to analysts?

Out of 9 Equities analysts who give ratings on SKX, the consensus analyst rating on SKX is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent SKX Analyst Recommendations

JESALYN Wong, a top 50% analyst from Evercore ISI Group maintains SKX with a buy rating and raises their SKX price target from $68.00 to $72.00, on Jul 26, 2024.

Tom Nikic, a top 15% analyst from Wedbush maintains SKX with a buy rating and raises their SKX price target from $76.00 to $79.00, on Jul 26, 2024.

Jim Duffy, a top 5% analyst from Stifel Nicolaus maintains SKX with a strong buy rating and raises their SKX price target from $81.00 to $83.00, on Jul 26, 2024.

Stifel Nicolaus's Jim Duffy raised their price target on Skechers Usa (NYSE: SKX) by 2.5% from $81 to $83 on 2024/07/26. The analyst maintained their Strong Buy rating on the stock.

Duffy's price target hike followed Skechers Usa's 2024/07/25-dated Q2 2024 print.

The analyst told investors that management increased its FY 2024 EPS and revenue at the midpoint by $0.11 and $150M, respectively.

Further, Daffy said they see no changes to the long-term argument for increasing market share and consider the effects on Q2 revenue to be "unrelated to brand power."

Earnings Report

For Q2 2024, Skechers Usa reported:

  • EPS of $0.97, which missed the Zacks Consensus Estimate of $0.94 and, by 1%, Q2 2023’s$0.98.
  • Revenue of $2.16B, which missed the Zacks Consensus Estimate by 2.75% but beat, by 7.2%, Q2 2023’s $2.01B.

Management guided:

For Q3 2024:

  • EPS of $1.10 to $1.15.
  • Revenue of $2.30B to $2.35B.

For FY 2024:

  • EPS of $4.08 to $4.18.
  • Revenue of $8.875B to $8.975B.

CEO Robert Greenberg commented: “This quarter marked the 25th anniversary of our IPO. 

“As we celebrated this event, we also achieved record Q2 sales and further solidified our position as the third largest athletic footwear company in the world by continuing to deliver comfortable and innovative footwear worldwide.

“I couldn’t be prouder of the accomplishments of the entire Skechers organization and appreciative of our strong partnerships with our customers and a growing roster of elite ambassadors, such as the recently signed Philadelphia 76ers basketball star Joel Embiid, as well as collaborations with distinguished brands such as John Deere. 

“Team Skechers now includes numerous athletes competing on global stages, including Golden Boot winner, Euro Cup finalist and Captain of the England football team, Harry Kane; recently announced Skechers ambassador and 2022-2023 NBA most valuable player Joel Embiid, who is playing for the United States; British golfer Matt Fitzpatrick; Canadian golfer Brooke Henderson; Spanish race walker Diego Garcia and newly signed American beach volleyball players Andy Benesh and Miles Partain, who will be playing in Skechers branded uniforms. 

“This diverse team of world-class athletes and celebrities, including Martha Stewart and Snoop Dogg, drive awareness and purchase intent for Skechers. 

“Our first commercial featuring Harry Kane aired during Q2, and we recently completed several new campaigns featuring him alongside former UK footballer and Skechers ambassador Jamie Redknapp and superstar Snoop Dogg, who will be a broadcast commentator in Paris. “Additionally, our football footwear launched globally this month, Skechers x John Deere is launching next month, and basketball footwear will be released globally in 2024/08. 

“We are committed to strategically delivering comfort footwear and apparel for all walks of life, supporting our vast offering with targeted marketing, and building our in-store presence globally.”

Andrew Bauch, a top 25% analyst from Wells Fargo initiates coverage on SKX with a strong buy rating and announces their SKX price target of $83.00, on Jun 12, 2024.

You can dive deeper into what analysts are projecting on the Skechers Usa stock forecast page.

SKX Momentum

SMA10
61.64
SMA20
63.26
SMA50
65.45
SMA100
66.03
SMA200
64.39
MACD
-1.16
MACD Signal
-1.15
MACD Histogram
-0.01
RSI
46.81
Stochastic %K
37.37
Stochastic %D
31.56
StochRSI %K
72.48
StochRSI %D
58.02

SKX Performance Metrics

Last year, SKX earnings were $627.33M. During the last 5 year, SKX's earnings have grown by 13.52% per year. This was slower than the Footwear & Accessories industry average of 27.99%.

Last year, SKX revenue was $8.72B. During the past 5 year, SKX's revenue has increased by 11.89% per year. This was slower than the Footwear & Accessories industry average of 18.56%.

You can analyze SKX's earnings and revenue performance here.

Latest Insiders Trades at SKX

In the past 12 months, insiders at SKX have sold more shares than they have bought.

Michael Greenberg, President of SKX, was the latest SKX insider to sell. They sold $29,488,938.00 worth of SKX shares on Aug 27, 2024.

Learn more about who owns SKX shares here.

Does SKX stock generate passive income?

No, Skechers Usa doesn't provide an income stream by paying out dividends.

Get analysis from other traders

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your SKX trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.

Click the Open button and your broker will execute your order.

If you want additional help with buying stocks on eToro, watch the how to video below:

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Step 6: Get updates on your investment in SKX

Now that you own some shares in SKX, you'll want to keep up with your investment.

Start a watchlist to keep tabs on your SKX stock.

SKX Feed

How to Buy Stock in Skechers Usa

To reiterate, here are the 6 steps to buy Skechers Usa stock:

  1. Figure out where to buy Skechers Usa stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Research Skechers Usa stock
  5. Place your SKX trade
  6. Get updates on your investment in SKX

If you require a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your investment in Skechers Usa, create a watchlist today.

NYSE: SKX
$62.60+1.14 (+1.85%)
Updated Nov 1, 2024
Open eToro Account
NYSE: SKX
$62.60+1.14 (+1.85%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Skechers Usa share?

As of Nov 1, 2024, it costs $62.60 to buy one share of Skechers Usa stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.16 shares of SKX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Skechers Usa stock?

According to 9 Wall Street analysts who monitor Skechers Usa, their consensus recommendation is to buy Skechers Usa stock.

What is the best way to buy Skechers Usa stock?

One way to place an order for Skechers Usa stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.