|Bid||33.13 x 1000|
|Ask||34.50 x 4000|
|Day's Range||32.62 - 33.76|
|52 Week Range||21.45 - 43.08|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||17.52|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.33|
Skechers USA, Inc. (SKX), a global footwear leader, announced that the Company has surpassed 3,000 Skechers retail stores worldwide with the opening of a store in Shenyang, China – now the brand’s largest. The latest milestone reflects the growing omni-channel presence of the brand as the Company continues to expand its retail, sales and logistic infrastructure to meet the global market’s growing demands for Skechers footwear. At more than 32,000 square feet, the Skechers superstore in Shenyang joins a network of similar superstores in North America designed to showcase the brand’s diverse footwear styles for men, women and children with dedicated shop-in-shops for its collections, Skechers Kids entertainment zones, and areas devoted to the brand’s growing line of apparel and accessories.
Wolverine (WWW) announces a 25% hike in its quarterly dividend. Also, the company stated that it will buy back up to $400 million worth of shares in the next four years.
Skechers U.S.A., Inc. (SKX), a global leader in the footwear industry, today announced that the Company has purchased the minority share of its joint venture in India, transitioning the business to a new wholly-owned subsidiary of Skechers U.S.A., Inc. Already one of the fastest growing and largest international markets for Skechers, the Company believes that combining the experienced team and Skechers’ proven sales and marketing capabilities will allow it to grow the brand and its presence in a faster, more efficient manner, ultimately meeting its fullest potential.
Where we were: Nike and Skechers had very different years last year, with the former running up despite market woes, and the latter lost a step. Where we’re headed: While both stocks are higher Friday, Skechers is sprinting ahead double digits. Same-store sales at company-owned stores rose 1.1%, while gross margins expanded 90 basis points to 47.7%.
Skechers reported 2018 was "a year of record sales," with the fourth quarter breaking above $1 billion in sales for the first time. Goodyear Tire GT — Shares of the tire manufacturer fell nearly 10 percent and hit a new 52-week low Friday after missing Wall Street's expectations for the fourth quarter. Inogen INGN — Inogen's stock slid nearly 7 percent after short-seller Muddy Waters Research said it has taken a short position in the maker of oxygen therapy.
Skechers (SKX) witnesses double-digit sales growth across its international business and single digit sales increase across its both domestic wholesale and retail businesses.
SECTORFOCUS BLOG Friday Fumble. Stocks looked poised to end the week on a downbeat note, following Thursday’s slide, with Dow Jones Industrial Averagefutures falling 0.4% ahead of the open. Although there were some upbeat earnings, trade and global economic worries were once again in focus, and U.
Skechers provided a first quarter 2019 earnings forecast well above Wall Street's expectation. The shoemaker also had record sales of $1.08 billion in the fourth quarter. Skechers SKX stock rocketed 16 percent higher in trading Friday after the shoemaker gave strong profit guidance for the quarter ahead while reporting better-than-expected fourth-quarter earnings Thursday evening.
Skechers Stock Rose Due to Strong Q4 EarningsStrong earningsSkechers (SKX) stock rose 18.2% in after-market trading on February 7. The company announced better-than-expected fourth-quarter earnings.Skechers’ adjusted EPS of $0.31 in the fourth
· Tesla (NASDAQ:TSLA) stock fell 1.2% as of 8:20 AM ET (13:20 GMT) after news that the luxury car maker’s Model 3 will have autopilot disabled in Europe.
Skechers (SKX) delivered earnings and revenue surprises of 34.78% and -1.48%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Check out the companies making headlines after the bell:Shares of Skechers SKX surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line.