Skechers (SKX) = Slip On These Comfortable Shares Now

You know the Skechers (SKX) brand as it keeps ending up on more and more feet as a popular shoe brand. They specialize in leisure footwear where they continue to dominate showing up quite clearly in impressive long term growth and share price gains. 

Their sales and profits picture had a little bit of a stumble going back to the middle of 2021 and extending through 2022. Since then, they have served up a clear and consistent turnaround with earnings prospects markedly on the rise helping to boost the share price to a 52 week high of $75. 

Some of you might notice that they had an earnings miss this past quarter. Wall Street analysts are looking past that small blemish because they strongly raised earnings growth guidance for the future. Gladly investors prefer to focus on the future outlook instead of what happened in the past. 

Top Wall Street analysts agree as there is no shortage of table pounding about more upside ahead for these undervalued shares:

$78 from John Kernan at TD Cowan 

$80 from Alex Straton at Morgan Stanley

$83 from Jim Duffy at Stifel Nicolaus

Thanks to the recent sell off we get to buy shares closer to $65 which points to ample upside potential. However, if their earnings momentum continues...and estimates keep going higher for the future, it is not hard to see shares heading north of $100 by the end of 2025. 

What To Do Next?

Skechers (SKX) is just one of the 11 timely stocks found in my Zen Investor portfolio.

To learn more about my exclusive 4 step process to find more 100%+ stock winners...and to get your hands on my current top 11 recommendations…then all you need to do is click the link below. 

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Wishing you a world of investment success!

Steve Reitmeister…but everyone calls me Reity (pronounced “Righty”)

Editor of the Zen Investor

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