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February 14, 2013
11:39 EDTSKXSkechers spikes higher on much better than expected results, levels to watch
Last night after the close, the company reported earnings for Q4 of 8 cents per share versus expectations of an 11 cent loss. Shares are up over 12.8% at time of writing, last at $22.09. At the price, next resistance is at $22.37, a six-month high. Support is at $21.89. Susquehanna bumped its price target to $25 today in response to the improved results.
News For SKX From The Last 14 Days
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November 30, 2015
06:36 EDTSKXSkechers management to meet with Sterne Agee CRT
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November 19, 2015
12:23 EDTSKXSkechers announces 'favorable' ruling in Nike lawsuit
Skechers (SKX) announced that it has won a ruling over Nike's (NKE) wholly-owned subsidiary Converse relating to the Converse Chuck Taylor shoe. In a November 17 opinion, the Chief Administrative Law Judge of the ITC, the Honorable Charles Bullock, ruled that Skechers' Twinkle Toes and BOBS product lines do not infringe Converse's registered trademark for the Chuck Taylor midsole. In making his ruling, the Judge noted that both of the Skechers product lines feature prominent branding and that the Twinkle Toes line contains design features that "create enough differences that the shoes bearing them cannot be said to be similar to [the Chuck Taylor]." The Judge also stated that the survey evidence concluded that there was no likelihood that consumers would confuse the Skechers designs with those of Converse's Chuck Taylor designs. In addition, the Judge ruled that Converse has no common law trademark rights in the Chuck Taylor midsole because the design is not distinctive, not famous and has failed to acquire secondary meaning, Skechers said.
November 17, 2015
07:52 EDTSKXMorgan Stanley to hold a conference
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November 16, 2015
08:51 EDTSKXSkechers price target lowered to $30 from $45 at Susquehanna
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