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SKX

Skechers

$35.28

0.17 (0.48%)

08:18
04/18/19
04/18
08:18
04/18/19
08:18

Skechers CEO says believes 'momentum will continue' into Q2

"The momentum we experienced in 2018 is continuing as we again achieved a new quarterly sales record in the first quarter of 2019," said CEO Robert Greenberg. "Our focus has been on designing and delivering relevant product across all genders and categories and supporting it with targeted marketing for our diverse consumer base. In the first quarter, Skechers GOrun Razor 3 Hyper received the Editor's Choice award by Runner's World, we were on fashion week runways in Berlin and London, launched both a new men's campaign during the Super Bowl with football legend and broadcaster Tony Romo, and a fresh women's campaign with pop superstar Camila Cabello, who appeared in Skechers D'Lites in store windows, magazines, and on television and billboards around the world. We also sponsored the Skechers Performance Los Angeles Marathon and several Skechers elite golfers and runners recorded victories. We are continuing to capitalize on the chunky trend we developed with our heritage styles across both men and women-with new styles shipping around the world throughout 2019. We are already seeing a positive impact in sales with the launch of our television campaigns for Spring, and we believe our momentum will continue into the second quarter. Further, we're looking forward to meeting with our domestic and international accounts and partners over the next two months, presenting our new styles and marketing."

  • 18

    Apr

SKX Skechers
$35.28

0.17 (0.48%)

02/11/19
UBSW
02/11/19
NO CHANGE
Target $37
UBSW
Buy
Skechers price target raised to $37 from $32 at UBS
UBS analyst Jay Sole raised his price target on Skechers to $37 from $32 following its latest earnings report. The analyst said the last two reports indicated the company is entering a long-awaited phase of margin improvement due to a better geographic and channel mix, less discounting, and SG&A control. The analyst noted consensus is modeling EBIT margins to be flat, suggesting the market does not recognize Skechers' margin upside. Sole reiterated his Buy rating on the shares.
02/22/19
STPT
02/22/19
DOWNGRADE
STPT
Hold
Skechers downgraded to Hold from Buy at Standpoint Research
03/27/19
SUSQ
03/27/19
UPGRADE
SUSQ
Positive
Skechers upgraded to Positive from Neutral at Susquehanna
03/27/19
SUSQ
03/27/19
UPGRADE
Target $37
SUSQ
Positive
Skechers upgraded to Positive on signs of increased momentum at Susquehanna
Susquehanna analyst Sam Poser upgraded Skechers to Positive from Neutral, stating that his checks with family footwear and independent retailers and recent results from wholesalers point to increased momentum for its brands. Given the signs he sees that its business is at the beginning of a positive inflection, Poser said he is confident that Skechers' operating margin is "on the road" back to its prior peak level of 11.5%. He raised his price target on Skechers shares to $37 from $32.

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