Skechers 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
Check below for free stories on SKX the last two weeks.
Skechers price target raised to $66 from $60 at Citigroup Citigroup expects Skechers' momentum to continue into the second half of the year following "upbeat" meetings with management. Citi upped its price target to $66 and raised its earnings estimates for the company. The firm reiterates a Buy rating on the stock.
Skechers price target raised to $65 from $60 at Susquehanna Susquehanna raised its price target on Skechers to $65 from $60 to reflect a strong sell-through in July and positive feedback from retailers ahead of the company's largest booking month. The firm sees increasing operating margins and said its channel checks indicate strong market share gains. Susquehanna maintains its Positive rating on the stock.