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Skechers U.S.A. (SKX) engages in the design, development, marketing, and distribution of footwear for men, women, and children.
It operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales.
The company offers various footwear comprising casuals, such as boots, shoes, and sandals for men, as well as oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, and seasonal sandals and boots for men and women; and relaxed fit casuals for men under the Skechers USA brand. It also provides city and off-road wear, footwear for joggers, athletic footwear, and sport sandals and boots under the Skechers Sport brand; sneakers for females under the Skechers Active brand; alpagarta-inspired footwear under the BOBS from Skechers name; low-top sneakers and boots under the SKCH+3 name for 20 to 34 year old women; and juniors footwear under the Daddys Money name.
In addition, the company offers boots, shoes, sneakers, sandals, and skimmers for infants, toddlers, boys, and girls primarily under the Skechers Kids brand. Further, it provides mens and womens casuals, field boots, hikers, and athletic shoes under the Skechers Work brand; sneakers for men and women under the Shape-ups Liv by Skechers name; technical footwear under the Skechers Performance brand; and footwear designed for running, walking, trail running, gym, and golf course.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $17.02 - $34.95
Entry Point: $33.35
Stop Loss: $31.68
Target Price: $36.69
SKX fell below our stop loss.
