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News Breaks
April 23, 2014
07:37 EDTSKXSkechers price target raised to $48 from $40 at Susquehanna
Susquehanna raised its price target on Skechers on the belief that growth momentum and operating performance are just beginning to unfold. The firm cited its accelerating backlog, market share gains, and potential form improved margins. Shares are Positive rated.
News For SKX From The Last 14 Days
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October 7, 2015
15:25 EDTSKXSkechers recent weakness a buying opportunity, says Citi
Citi analyst Corinna Van der Ghinst said to use Skechers' recent weakness as a buying opportunity. Van der Ghinst said 1 week of POS sales data does not make a trend and is confident in the brand's momentum. The analyst said rain likely weighed on September week 5 POS sales and performance remains broad-based across categories. Citi rates Skechers a Buy with a $160 price target.
12:35 EDTSKXSkechers volatility at high end 52-week range
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September 24, 2015
19:52 EDTSKXAthletic footwear stocks higher after Nike's earnings report
Athletic footwear makers Skechers USA (SKX) and adidas (ADDYY), sports apparel maker Under Armour (UA), and shoe retailers Foot Locker (FL) and Finish Line (FINL) were all higher in after-hours trading after Nike (NKE) reported better-than-expected first quarter results. WHAT'S NEW: After the bell, Nike reported Q1 earnings per share and revenue of $1.34 and $8.4B, respectively, versus analyst expectations of $1.19 and $8.22B. The company added that it saw mid-single digit revenue growth in both the second quarter and for fiscal year 2016, as well as Q2 gross margins expanding by 25 bps and FY16 gross margins expanding by 50 bps. PRICE ACTION: Nike rose about 8% in after-hours trading, while Skechers USA gained just over 2%, adidas rose fractionally, Under Armour was higher by 2%, Foot Locker gained 1.5%, and Finish Line was up almost 6%.

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