Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company's collections are available in the United States and over 170 countries and territories via department and specialty stores, and direct to consumers through 3,770 Company- and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America.
Company profile
Ticker
SKX
Exchange
Website
CEO
Robert Greenberg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Skechers By Mail, Inc. • Savva’s Café, Inc. • Skechers Holdings International, Inc. • Skechers R.B., LLC • HF Logistics-SKX, LLC • HF Logistics-SKX T1, LLC • HF Logistics-SKX T2, LLC • Skechers Holdings USA • Skechers USA • Skechers Sourcing USA, LLC ...
IRS number
954376145
SKX stock data
Analyst ratings and price targets
Current price
Average target
$51.50
Low target
$42.00
High target
$62.00
Cowen & Co.
Maintains
$62.00
Raymond James
Maintains
$55.00
Deutsche Bank
Maintains
$54.00
Morgan Stanley
Downgraded
$46.00
Argus Research
Upgraded
$50.00
Piper Sandler
Initiated
$42.00
Latest filings (excl ownership)
8-K
Skechers Announces Record FOURTH Quarter sales and full year 2022 Financial Results
2 Feb 23
10-Q
2022 Q3
Quarterly report
4 Nov 22
8-K
Skechers Announces Third Quarter 2022 Financial Results
25 Oct 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
8-K
Skechers Announces Record Second Quarter 2022 Sales
26 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
27 May 22
SD
Conflict minerals disclosure
27 May 22
10-Q
2022 Q1
Quarterly report
6 May 22
PX14A6G
Letter to shareholders
26 Apr 22
8-K
Skechers Announces Record First Quarter 2022 Financial Results
26 Apr 22
Transcripts
SKX
Earnings call transcript
2022 Q4
2 Feb 23
SKX
Earnings call transcript
2022 Q3
26 Oct 22
SKX
Earnings call transcript
2022 Q2
27 Jul 22
SKX
Earnings call transcript
2022 Q1
27 Apr 22
SKX
Earnings call transcript
2021 Q4
3 Feb 22
SKX
Earnings call transcript
2021 Q3
29 Oct 21
SKX
Earnings call transcript
2021 Q2
23 Jul 21
SKX
Earnings call transcript
2021 Q1
23 Apr 21
SKX
Earnings call transcript
2020 Q4
5 Feb 21
SKX
Earnings call transcript
2020 Q3
30 Oct 20
Latest ownership filings
SC 13G/A
BlackRock Inc.
3 Feb 23
SC 13G
PZENA INVESTMENT MANAGEMENT LLC
27 Jan 23
4
DAVID WEINBERG
4 Jan 23
4
MICHAEL GREENBERG
4 Jan 23
4
ROBERT GREENBERG
4 Jan 23
4
PHILLIP PACCIONE
8 Dec 22
SC 13D/A
GREENBERG ROBERT
10 Nov 22
4
KATHERINE J. BLAIR
1 Nov 22
4
MARK A NASON
18 Aug 22
4
RICHARD SISKIND
1 Jun 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 508.28 mm | 508.28 mm | 508.28 mm | 508.28 mm | 508.28 mm | 508.28 mm |
| Cash burn (monthly) | 81.21 mm | 36.98 mm | (no burn) | (no burn) | 65.85 mm | 6.99 mm |
| Cash used (since last report) | 341.54 mm | 155.54 mm | n/a | n/a | 276.95 mm | 29.41 mm |
| Cash remaining | 166.74 mm | 352.74 mm | n/a | n/a | 231.33 mm | 478.87 mm |
| Runway (months of cash) | 2.1 | 9.5 | n/a | n/a | 3.5 | 68.5 |
Institutional ownership, Q3 2022
90.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 303 |
| Opened positions | 55 |
| Closed positions | 48 |
| Increased positions | 85 |
| Reduced positions | 108 |
| 13F shares | Current |
|---|---|
| Total value | 3.85 bn |
| Total shares | 121.43 mm |
| Total puts | 1.23 mm |
| Total calls | 2.48 mm |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 20.23 mm | $641.59 mm |
| Vanguard | 12.32 mm | $390.70 mm |
| BLK Blackrock | 10.93 mm | $346.77 mm |
| Pzena Investment Management | 8.01 mm | $254.08 mm |
| Massachusetts Financial Services | 6.83 mm | $216.60 mm |
| ArrowMark Colorado | 4.70 mm | $149.20 mm |
| Marshall Wace | 4.09 mm | $129.78 mm |
| Dimensional Fund Advisors | 2.95 mm | $93.57 mm |
| T. Rowe Price Investment Management | 2.60 mm | $82.58 mm |
| Fiduciary Management | 2.48 mm | $78.59 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jan 23 | Greenberg Robert | Class A Common Stock | Payment of exercise | Dispose F | No | No | 41.95 | 12,396 | 520.01 k | 193,854 |
| 3 Jan 23 | Michael Greenberg | Class A Common Stock | Sell | Dispose S | No | No | 42.29 | 10,503 | 444.17 k | 427,080.258 |
| 3 Jan 23 | Michael Greenberg | Class A Common Stock | Payment of exercise | Dispose F | No | No | 41.95 | 10,330 | 433.34 k | 437,583.258 |
| 3 Jan 23 | David Weinberg | Class A Common Stock | Sell | Dispose S | No | No | 42.29 | 8,403 | 355.36 k | 124,419 |
| 3 Jan 23 | David Weinberg | Class A Common Stock | Payment of exercise | Dispose F | No | No | 41.95 | 8,264 | 346.67 k | 132,822 |
| 7 Dec 22 | Paccione Phillip | Class A Common Stock | Sell | Dispose S | No | No | 42.9304 | 561 | 24.08 k | 40,000 |
| 1 Nov 22 | Katherine J. Blair | Class A Common Stock | Sell | Dispose S | No | No | 35.16 | 1,500 | 52.74 k | 10,500 |
News
Cowen & Co. Maintains Outperform on Skechers USA, Lowers Price Target to $62
3 Feb 23
Skechers USA Q4 Adj. EPS $0.48 Beats $0.36 Estimate, Sales $1.88B Beat $1.77B Estimate
2 Feb 23
Skechers USA's Earnings Outlook
1 Feb 23
Raymond James Maintains Outperform on Skechers USA, Raises Price Target to $55
1 Feb 23
Analyst Expectations for Skechers USA's Future
23 Jan 23
Press releases
Skechers Announces Record Fourth Quarter Sales and Full Year 2022 Financial Results
2 Feb 23
Thinking about trading options or stock in Shopify, Spotify, Apple, Skechers, or Skyworks Solutions?
23 Jan 23
Skechers to Report Fourth Quarter and Full Year 2022 Financial Results on Thursday, February 2nd
12 Jan 23
FREEPORT VILLAGE STATION CELEBRATES GRAND OPENING OF NEW SKECHERS WAREHOUSE OUTLET
8 Dec 22
Maison Luxe ($MASN) Reports Revenues of Approximately $3.7 Million for the Quarter Ended September 30, 2022
6 Dec 22