Skechers USA (SKX) Receives a Hold from Cowen & Co.

By Carrie Williams

Cowen & Co. analyst John Kernan reiterated a Hold rating on Skechers USA (SKXResearch Report) on February 8 and set a price target of $34. The company’s shares closed yesterday at $32.58.

According to, Kernan is a 3-star analyst with an average return of 1.3% and a 50.4% success rate. Kernan covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica Inc, Columbia Sportswear, and Callaway Golf.

Skechers USA has an analyst consensus of Moderate Buy, with a price target consensus of $33.60, representing a 3.1% upside. In a report issued on January 31, Susquehanna also reiterated a Hold rating on the stock with a $24 price target.

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The company has a one-year high of $43.08 and a one-year low of $21.45. Currently, Skechers USA has an average volume of 2.8M.

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SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear that appeals to men, women and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales.