Market Overview

Vetr Urges Skechers Buy On Heels Of Strong Growth

Share:

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

DateFirmActionFromTo
Oct 2019MaintainsEqual-Weight
Jul 2019MaintainsBuy
Jul 2019UpgradesNeutralOutperform

View More Analyst Ratings for SKX
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings General

 

Related Articles (SKX)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
SRPTPiperJaffrayMaintains210.0
LULUGoldman SachsMaintains219.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

A Few Ways To China-Proof Your Portfolio: Seema Mody

These Companies Were Non-Existent When President Obama Took Office; Today They Are Worth Billions