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Skechers U.S.A., Inc. (SKX) designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand name worldwide.
It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales.
The company offers casual footwear, including 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, seasonal sandals and boots, and relaxed fit casuals for men and women; and casual fusion line for young men and women under the Skechers USA brand.
It also provides footwear collection for men and women, including lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sporty styles sneakers for females under the Skechers Active and Skechers Sport Active brand; and footwear for women and girls under the BOBS from Skechers name.
In addition, the company offers casual, dress, and active styles, as well as casual sneakers for men under the Mark Nason name; technical footwear under the Skechers Performance brand; and boots, shoes, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides mens and womens casuals, such as field boots, hikers, and athletic shoes under the Skechers Work brand.
The company sells its products through approximately 1,545 company-owned and third-party retail stores; and department and specialty stores, as well as through its e-commerce Website in approximately 160 countries and territories.
Shares are heading higher in an upward "trading channel" and higher share prices are expected for this stock. Here are a few points to note about this stock: 1) CEO and insiders bought 500,000 shares in the open market; shares were upgraded today; there is an analyst meeting on the company. A combination of these factors should push shares higher.
52-Weeks Trading Range: $18.81 - $34.27
Entry Point: $24.00
Stop Loss: $22.00
Target Price: $26.40
SKX closed at $26.97
