Skechers Stock Has a Lot to Prove on Thursday
Skechers (NYSE: SKX) is stepping up to provide fresh financials this week, and it's going to have to be a strong showing if the footwear maker wants to justify its recent gains. Shares of Skechers have moved higher in seven of the past eight months, and it's in the process of bouncing back after last year's 19% slide.
Growth has slowed at Skechers. It has posted single-digit growth in three of the past four quarters. It had a streak of 14 consecutive quarters of double-digit percentage growth before that. The shares are rallying in recent months, but the stock is still trading nearly 47% below its all-time peak set two summers ago.
Image source: Skechers.
Source: Fool.com
Skechers U.s.a. Inc. Stock
€60.40
0.300%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 69 € there is a slightly positive potential of 14.24% for Skechers U.s.a. Inc. compared to the current price of 60.4 €.
