Skechers Is the Best Bet on the International Appeal of Athleisure
Skechers (NYSE: SKX) stock has been hot since reporting third-quarter results that handily beat expectations. The quirky shoe company long-known for affordable casual footwear has been getting trendier, and it is quickly making a name for itself overseas. As a result, this former underdog may now be the best bet on American shoe exports.
Total sales have been growing by double digits at Skechers for years, and through the rate of growth has been slowing, 2017's numbers are still very compelling. Total growth was at 16.2% year-over-year in the third quarter.
Chart by the author. Data source: Skechers quarterly earnings reports.
Source: Fool.com
Skechers U.s.a. Inc. Stock
€61.58
-0.420%
Skechers U.s.a. Inc. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 64 € there is a slightly positive potential of 3.93% for Skechers U.s.a. Inc. compared to the current price of 61.58 €.
