This company has been acquired
Skechers U.S.A (SKX) Stock Overview
Designs, develops, and markets footwear, apparel, and accessories worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
SKX Community Fair Values
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Analyst Price Targets
Skechers U.S.A., Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$63.13 |
| 52 Week High | US$78.85 |
| 52 Week Low | US$44.50 |
| Beta | 1.2 |
| 1 Month Change | 0.17% |
| 3 Month Change | 1.06% |
| 1 Year Change | -6.20% |
| 3 Year Change | 76.05% |
| 5 Year Change | 105.03% |
| Change since IPO | 1,682.49% |
Recent News & Updates
Recent updates
Skechers Sprints Past Bid - Strong Sell
Summary Skechers is being acquired by 3G Capital for $63/share, with the family owners accepting the bid despite strong growth prospects. The stock currently trades above the buyout price, likely due to speculation about a higher bid or a potential increase from 3G Capital. A shareholder lawsuit demanding more transparency could delay or alter the deal, but the base case remains a $0.30/share loss if the deal closes as planned. Given limited upside and even significant downside risk, if the deal fails, I rate Skechers a strong sell due to an unattractive risk/reward profile. Read the full article on Seeking AlphaSkechers: Be Greedy When Others Fear Tariffs
Summary SKX is trading at a forward P/E of 10.76, a significant discount to historical valuations and competitors, making it a compelling buy, especially after recent market corrections. SKX’s focus on value and comfort products positions it well to weather economic downturns, with potential to gain market share from premium brands like Nike and Adidas. International Expansion and a good balance of DTC and Wholesale - two important growth levers. China exposure is also low; Contra Buy on valuation at these levels. Read the full article on Seeking AlphaSkechers: Undervalued And Gaining Market Share
Summary I estimate Skechers' intrinsic value at $12B or $80 per share, with revenue doubling to $18B by 2035, assuming improved operating margins and significant reinvestment. The footwear industry is mature with low growth, but Skechers gains market share by offering quality footwear at lower prices compared to premium brands. Skechers' 2024 revenue grew 12.1%, driven by EMEA and wholesale growth. DCT is trailing in growth but remains important as it stands out with 66% gross margins. I estimate that growth will continue at a lower trajectory, and investors will see increased returns after SKX breaks $1B in operating income. SKX is part of the outperforming peer group in the last 2 years, and investors may want to consider diversifying with some of the growth names like ONON or DECK. Read the full article on Seeking AlphaSkechers USA Remains A Solid Prospect For Growth And Value Investors Alike
Summary Skechers USA has shown impressive growth, with revenue jumping from $6.31 billion to $8 billion, driven by both wholesale and direct-to-consumer operations. Despite rapid growth, Skechers shares are attractively priced, making it an appealing opportunity for value and growth investors alike. Management aims to grow revenue to $10 billion by 2026, focusing on expanding physical stores, digital capabilities, and e-commerce platforms. With strong cash flows and low valuation multiples compared to peers, I rate Skechers USA a solid 'buy' for high-quality growth at a cheap price. Read the full article on Seeking AlphaSkechers: Slight Shadows On Q4 Outlook
Summary After an incredibly strong Q3, Skechers U.S.A., Inc.'s Q4 outlook is more mixed with macroeconomic turbulence in certain markets and some weaker sales signals. Despite an expected sequential slowdown, the Skechers growth story stands strong with EMEA and Indian market growth and store network expansion. SKX stock remains undervalued, and I estimate 31% upside to a fair value of $90.5. Read the full article on Seeking AlphaSkechers' Q3 Was Strong
Summary Skechers U.S.A., Inc. reported strong Q3 results with 15.9% revenue growth as the company's brand ambassador marketing has paid off. The footwear industry has been weak due to weak consumer spending, underlining the strength of Skechers' growth. Despite the great performance, SKX stock has remained stagnant, highlighting a remaining undervaluation. Read the full article on Seeking AlphaSkechers: Lacing Up For Earnings Growth, Current Prices Attractive For The Long Term
Summary Skechers is undervalued, trading at ~15x NTM earnings with a 5-year forward earnings CAGR of 12%, presenting a compelling investment opportunity. Increased direct-to-consumer revenue has boosted margins by reducing reliance on middlemen, enhancing profitability. Positive brand perception among younger generations is expected to drive top-line growth in the coming years. Skechers' discounted share price, combined with its future growth potential, makes it an attractive investment. Read the full article on Seeking AlphaSkechers: China's Weakness Was An Overreaction (Rating Upgrade)
Summary Skechers' recent share price drop, due to Chinese market softness, is an overreaction, presenting a buying opportunity for long-term investors. The company shows strong financial performance, with improved margins and a solid balance sheet, despite slight Q2 softness. Management's focus on the DTC segment and strategic investments will drive future growth and margin improvements. Skechers is trading at a 27% discount to its intrinsic value, making it a compelling buy even amid potential economic downturns. Read the full article on Seeking Alpha
Calculated Alliances, Global DTC Expansion, And Innovative Comfort Tech Fuel Brand's Ascension
Strategic partnerships and expanded product lines through innovation are poised to boost consumer demand and revenue growth.Skechers Is An Excellent Long-Term Buy And Hold
Summary Skechers is a steady performer in casual and athletic footwear, offering good returns to shareholders, with an impressive 14% annual return in the last 10 years. Skechers' sustainability, durability, and diverse appeal shield investors from volatility. Skechers higher margin DTC segment is growing faster than its wholesale segment, expanding margins for the company. Asia Pacific should continue to grow fast, allowing Skechers to grow revenues at 10% and earnings at 17% for the next 4 years. At a P/E of 16, and a PEG ratio of just 0.8, Skechers is a bargain. Read the full article on Seeking AlphaShareholder Returns
| SKX | US Luxury | US Market | |
|---|---|---|---|
| 7D | -0.1% | 0.6% | -4.1% |
| 1Y | -6.2% | -9.3% | 20.6% |
Return vs Industry: SKX underperformed the US Luxury industry which returned 1.4% over the past year.
Return vs Market: SKX underperformed the US Market which returned 19.9% over the past year.
Price Volatility
| SKX volatility | |
|---|---|
| SKX Average Weekly Movement | 0.3% |
| Luxury Industry Average Movement | 6.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SKX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SKX's weekly volatility has decreased from 6% to 0% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 15,100 | Robert Greenberg | www.skechers.com |
Skechers U.S.A., Inc. designs, develops, and markets footwear, apparel, and accessories worldwide. The company operates in two segments, Wholesale and Direct-to-Consumer. It offers footwear under the Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands; and slip-resistant and safety-toe shoes and boots for protective footwear in their work environments for men, women, and kids.
Skechers U.S.A., Inc. Fundamentals Summary
| SKX fundamental statistics | |
|---|---|
| Market cap | US$9.49b |
| Earnings (TTM) | US$665.48m |
| Revenue (TTM) | US$9.41b |
Is SKX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SKX income statement (TTM) | |
|---|---|
| Revenue | US$9.41b |
| Cost of Revenue | US$4.45b |
| Gross Profit | US$4.96b |
| Other Expenses | US$4.29b |
| Earnings | US$665.48m |
Last Reported Earnings
Jun 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.43 |
| Gross Margin | 52.67% |
| Net Profit Margin | 7.07% |
| Debt/Equity Ratio | 10.9% |
How did SKX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/13 20:54 |
| End of Day Share Price | 2025/09/11 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Skechers U.S.A., Inc. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Brian McNamara | Berenberg |
| Laurent Vasilescu | BNP Paribas |