Skechers Usa Stock Buy Hold or Sell Recommendation
| SKX Stock | USD 65.46 0.59 0.89% |
Considering the 90-day investment horizon and your way above-average risk tolerance, our recommendation regarding Skechers USA is 'Hold'. Macroaxis provides Skechers USA buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SKX positions. The advice algorithm takes into account all of Skechers USA's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Skechers USA's buy or sell advice are summarized below:
Real Value 62.8 | Target Price 62.27 | Hype Value 65.47 | Market Value 65.46 | Naive Value 70.69 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Skechers USA given historical horizon and risk tolerance towards Skechers USA. When Macroaxis issues a 'buy' or 'sell' recommendation for Skechers USA, the advice is generated through an automated system that utilizes algorithms and statistical models.
Skechers |
Execute Skechers USA Buy or Sell Advice
The Skechers recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Skechers USA. Macroaxis does not own or have any residual interests in Skechers USA or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Skechers USA's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Skechers USA Trading Alerts and Improvement Suggestions
| Skechers USA has a strong financial position based on the latest SEC filings | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: 3 Reasons Why Skechers Is a Great Growth Stock |
Skechers USA Returns Distribution Density
The distribution of Skechers USA's historical returns is an attempt to chart the uncertainty of Skechers USA's future price movements. The chart of the probability distribution of Skechers USA daily returns describes the distribution of returns around its average expected value. We use Skechers USA price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Skechers USA returns is essential to provide solid investment advice for Skechers USA.
| Mean Return | 0.10 | Value At Risk | -2.56 | Potential Upside | 1.98 | Standard Deviation | 2.31 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Skechers USA historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Skechers Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Skechers USA is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Skechers USA backward and forwards among themselves. Skechers USA's institutional investor refers to the entity that pools money to purchase Skechers USA's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2023-12-31 | 2.1 M | Arrowmark Colorado Holdings, Llc (arrowmark Partners) | 2023-12-31 | 1.9 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.8 M | Bank Of America Corp | 2023-12-31 | 1.8 M | Goldman Sachs Group Inc | 2023-12-31 | 1.6 M | Point72 Asset Management, L.p. | 2023-09-30 | 1.5 M | Pacer Advisors, Inc. | 2023-12-31 | 1.5 M | Aqr Capital Management Llc | 2023-12-31 | 1.3 M | Squarepoint Ops Llc | 2023-12-31 | 1.3 M | Fmr Inc | 2023-12-31 | 20 M | Blackrock Inc | 2023-12-31 | 14.5 M |
Skechers USA Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (171.9M) | 78.6M | (458.0M) | (389.0M) | 324.2M | 340.4M | |
| Change In Cash | (47.4M) | 546.0M | (574.5M) | (180.6M) | 537.4M | 564.2M | |
| Free Cash Flow | 190.4M | 21.5M | (97.5M) | (120.7M) | 907.4M | 952.8M | |
| Depreciation | 111.5M | 142.8M | 139.6M | 153.7M | 181.9M | 191.0M | |
| Other Non Cash Items | 54.9M | 23.0M | 64.9M | 35.4M | 134.2M | 140.9M | |
| Dividends Paid | 31.9M | 258K | 4.2M | 8.1M | 7.3M | 7.0M | |
| Capital Expenditures | 236.1M | 309.9M | 309.7M | 359.0M | 323.7M | 339.9M | |
| Net Income | 427.3M | 146.2M | 815.6M | 429.2M | 545.8M | 573.1M | |
| End Period Cash Flow | 824.9M | 1.4B | 796.3M | 615.7M | 1.1B | 1.2B | |
| Change Receivables | (136.2M) | (118.4M) | 13.3M | (154.2M) | (138.8M) | (131.9M) | |
| Net Borrowings | 27.8M | 614.1M | (393.4M) | (2.3M) | (2.6M) | (2.5M) | |
| Change To Netincome | 88.4M | 68.6M | (262.2M) | 145.0M | 130.5M | 137.0M | |
| Investments | (12.9M) | (2.6M) | (35.0M) | (287.5M) | (418.0M) | (397.1M) |
Skechers USA Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Skechers USA or Textiles, Apparel & Luxury Goods sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Skechers USA's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Skechers stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 1.19 | |
σ | Overall volatility | 1.94 | |
Ir | Information ratio | 0.02 |
Skechers USA Volatility Alert
Skechers USA currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.03. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Skechers USA's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Skechers USA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Skechers USA Implied Volatility
Skechers USA's implied volatility exposes the market's sentiment of Skechers USA stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Skechers USA's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Skechers USA stock will not fluctuate a lot when Skechers USA's options are near their expiration.
Skechers USA Fundamentals Vs Peers
Comparing Skechers USA's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Skechers USA's direct or indirect competition across all of the common fundamentals between Skechers USA and the related equities. This way, we can detect undervalued stocks with similar characteristics as Skechers USA or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Skechers USA's fundamental indicators could also be used in its relative valuation, which is a method of valuing Skechers USA by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Skechers USA to competition |
| Fundamentals | Skechers USA | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0737 | -0.14 |
| Profit Margin | 0.07 % | (1.27) % |
| Operating Margin | 0.13 % | (5.51) % |
| Current Valuation | 11.15 B | 16.62 B |
| Shares Outstanding | 135.96 M | 571.82 M |
| Shares Owned By Insiders | 0.85 % | 10.09 % |
| Shares Owned By Institutions | 91.84 % | 39.21 % |
| Number Of Shares Shorted | 3.03 M | 4.71 M |
| Price To Earning | 42.36 X | 28.72 X |
| Price To Book | 2.18 X | 9.51 X |
| Price To Sales | 1.10 X | 11.42 X |
| Revenue | 8 B | 9.43 B |
| Gross Profit | 3.52 B | 27.38 B |
| EBITDA | 966.71 M | 3.9 B |
| Net Income | 545.8 M | 570.98 M |
| Cash And Equivalents | 615.73 M | 2.7 B |
| Cash Per Share | 3.93 X | 5.01 X |
| Total Debt | 1.98 B | 5.32 B |
| Debt To Equity | 0.43 % | 48.70 % |
| Current Ratio | 2.27 X | 2.16 X |
| Book Value Per Share | 27.11 X | 1.93 K |
| Cash Flow From Operations | 1.23 B | 971.22 M |
| Short Ratio | 2.34 X | 4.00 X |
| Earnings Per Share | 3.80 X | 3.12 X |
| Price To Earnings To Growth | 1.19 X | 4.89 X |
| Target Price | 74.83 | |
| Number Of Employees | 9.2 K | 18.84 K |
| Beta | 1.34 | -0.15 |
| Market Capitalization | 10.31 B | 19.03 B |
| Total Asset | 7.55 B | 29.47 B |
| Retained Earnings | 3.8 B | 9.33 B |
| Working Capital | 2.29 B | 1.48 B |
Note: Disposition of 152659 shares by Michael Greenberg of Skechers USA at 60.6042 subject to Rule 16b-3 [view details]
Skechers USA Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Skechers . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 29910.06 | |||
| Daily Balance Of Power | (0.41) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 65.78 | |||
| Day Typical Price | 65.67 | |||
| Price Action Indicator | (0.62) | |||
| Period Momentum Indicator | (0.59) |
About Skechers USA Buy or Sell Advice
When is the right time to buy or sell Skechers USA? Buying financial instruments such as Skechers Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.7B | 1.6B | 2.0B | 2.1B | Total Assets | 6.5B | 6.9B | 7.5B | 7.9B |
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Check out Skechers USA Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running Skechers USA's price analysis, check to measure Skechers USA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skechers USA is operating at the current time. Most of Skechers USA's value examination focuses on studying past and present price action to predict the probability of Skechers USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skechers USA's price. Additionally, you may evaluate how the addition of Skechers USA to your portfolios can decrease your overall portfolio volatility.
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Is Skechers USA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skechers USA. If investors know Skechers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skechers USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.304 | Earnings Share 3.8 | Revenue Per Share 53.579 | Quarterly Revenue Growth 0.125 | Return On Assets 0.0737 |
The market value of Skechers USA is measured differently than its book value, which is the value of Skechers that is recorded on the company's balance sheet. Investors also form their own opinion of Skechers USA's value that differs from its market value or its book value, called intrinsic value, which is Skechers USA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skechers USA's market value can be influenced by many factors that don't directly affect Skechers USA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skechers USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skechers USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skechers USA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.