Elevated costs due to commodity cost inflation and continued reinvestments have been hurting the Shoes and Retail Apparel industry. However, product innovation, robust demand trends and digital investments should aid companies like ADDYY, SKX, CAL and WWW.
In the closing of the recent trading day, Skechers (SKX) stood at $69.12, denoting a -1.03% change from the preceding trading day.
According to the average brokerage recommendation (ABR), one should invest in Skechers (SKX). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?