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Stock Market & Financial Investment News

News Breaks
April 10, 2014
07:39 EDTSKXSkechers should be an outperformer in Q1, says Brean Capital
Brean Capital said Skechers should be an outperformer in Q1 despite the weather and traffic issues. The firm cited its well rounded assortment across all categories, increased international exposure, and deeper e-commerce penetration. Shares are Buy rated with a $50 price target.
News For SKX From The Last 14 Days
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December 16, 2014
12:52 EDTSKXSkechers nears session lows, levels to watch
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12:40 EDTSKXSkechers decline on December sales concerns unwarranted, analyst says
Shares of footwear maker Skechers (SKX) are falling, but research firm Sterne Agee suggested that the decline is based on inaccurate information. WHAT'S NEW: The volatility in Skechers' stock today was likely due to commentary suggesting that the company's December sales have been disappointing, Sterne Agee analyst Sam Poser wrote in a note to investors today. Most of Skechers' customers say that sales of the company's footwear continue to rise by at least 10% annually, Poser reported after speaking with a number of customers. Moreover, large retailers expect sales of Skechers' products to rise by at least 10% next year, the analyst stated. Skechers' momentum is continuing, according to Poser, who identified the stock as a top pick and kept a $70 price target and Buy rating on the shares. PRICE ACTION: In early afternoon trading, Skechers fell 4.5% to $54.85.
10:51 EDTSKXSkechers weakness based on inaccurate information, says Sterne Agee
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