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 $53.28, up 3.28% from the previous day, and has increased 29.32% in one year. It has underperformed other stocks in the Footwear & Accessories industry by 0.02 percentage points. Skechers Usa stock is currently +70.33% from its 52-week low of $31.28, and -2.72% from its 52-week high of $54.77.
As of Jun 6, 2023, there are 154.73M shares of SKX outstanding. The market capitalization of SKX is $8.24B. In the past 24 hours, 2.42M SKX shares were traded.
How to Buy Skechers Usa Stock
Wondering how to invest in Skechers Usa stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your info.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 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.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal info to open your new trading account.
- Submit your application by hitting the "Create Account" button.
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.
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
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 20.11x, relative to Footwear & Accessories industry P/E ratio of 27.97x
- SKX may be undervalued based on its P/B ratio of 2.22x, relative to Footwear & Accessories industry P/B ratio of 7.49x
- SKX could be undervalued based on its PEG ratio of 0.78x
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 short-term liabilities on the SKX balance sheet.
- SKX earnings of $514.57M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the SKX balance sheet.
- SKX's operating cash flow of $608.21M allows it to safely service it's debt of $1.70B.
Negative Health Checks:
- Total SKX debt is higher than 5 years ago, relative to shareholder equity.
- SKX has a relatively high debt to equity ratio of 0.81.
- SKX profit margin has gone down from 11.4% to 5.4% in the past year.
Is it a good time to buy SKX stock, according to analysts?
Out of 8 Equities analysts who give ratings on SKX, the consensus analyst rating on SKX is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SKX Analyst Recommendations
Tom Nikic, a bottom 13% analyst from Wedbush maintains SKX with a buy rating and raises their SKX price target from $54.00 to $58.00, on Apr 28, 2023.
Rick Patel, a top 1% analyst from Raymond James maintains SKX with a buy rating and raises their SKX price target from $55.00 to $58.00, on Apr 28, 2023.
Gabriella Carbone, a bottom 4% analyst from Deutsche Bank maintains SKX with a strong buy rating and raises their SKX price target from $56.00 to $57.00, on Apr 28, 2023.
Alex Straton, a top 22% analyst from Morgan Stanley maintains SKX with a hold rating and raises their SKX price target from $46.00 to $48.00, on Apr 28, 2023.
Jay Sole, a top 10% analyst from UBS maintains SKX with a strong buy rating and lowers their SKX price target from $69.00 to $60.00, on Mar 29, 2023.
You can dive deeper into what analysts are projecting on the Skechers Usa stock forecast page.
SKX Momentum
SKX Performance Metrics
Last year, SKX earnings were $412.25M. During the last 5 year, SKX's earnings have grown by 15.49% per year. This was slower than the Footwear & Accessories industry average of 31.6%.
Last year, SKX revenue was $7.63B. During the past 5 year, SKX's revenue has increased by 11.93% per year. This was faster than the Footwear & Accessories industry average of 8.73%.
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.
Katherine J. Blair, Director of SKX, was the latest SKX insider to sell. They sold $184,450.00 worth of SKX shares on May 8, 2023.
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.
Click below to see what other community members have to say.
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:
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:
- Figure out where to buy Skechers Usa stock
- Open your brokerage account
- Fund your investment account
- Research Skechers Usa stock
- Place your SKX trade
- Get updates on your investment in SKX
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Skechers Usa, create a watchlist today.
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