Market Overview

Vetr Urges Skechers Buy On Heels Of Strong Growth


The Vetr crowd upgraded their rating for Skechers USA Inc (NYSE: SKX) on Monday, from 4 stars (Buy), issued eight days ago, to 4.5 stars (Strong buy). Crowd sentiment for the stock is edging positive with 56 percent of Vetr user ratings positive.

The stock jumped more than 3.5 points on Monday after CEO Robert Greenberg confirmed he had purchased 500,000 shares of the footwear designer's stock. The purchase follows a Q3 report that showed impressive growth from the company, especially overseas.

The positive news has also garnered a few analyst nods. On December 6, Wells Fargo initiated coverage at Outperform, while Buckingham upgraded the stock on December 1 from Neutral to Buy.

See how crowdsourced rating could help you time the market.

Currently, the Vetr crowd's average target price for the stock is up at $28.43, about $0.50 shy of the average analyst target price of $28.98. Less than 2 percent of Vetr users are holding SKX in their watch lists.

Latest Ratings for SKX

Dec 2019Initiates Coverage OnBuy
Oct 2019MaintainsEqual-Weight
Jul 2019MaintainsBuy

View More Analyst Ratings for SKX
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General


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