UBS analyst Jay Sole said he believes Skechers (SKX) carried its strong U.S. momentum into Thanksgiving and likely through Cyber Monday. He also thinks the company continues to perform well in China and that Singles Day in China was strong. He believes that as Skechers continues to deliver strong organic sales growth and steady margin expansion, its stock will get a P/E multiple more in-line with the "only 4 other companies" he covers that he sees achieving double-digit EPS growth over the next 5-year period - namely Lululemon (LULU), Nike (NKE), Under Armour (UAA) and Burlington Stores (BURL). Sole keeps a Buy rating and $48 price target on Skechers shares.
News For SKX;LULU;NKE;UAA;BURL From the Last 2 Days
Bullish option flow detected in Under Armour Class A with 14,359 calls trading, 2x expected, and implied vol increasing almost 5 points to 42.58%. 6/25 weekly 20 calls and 7/2 weekly 21 calls are the most active options, with total volume in those strikes near 10,900 contracts. The Put/Call Ratio is 0.44. Earnings are expected on July 29th.