Thu, May 28, 2:32 PM
- Skechers (NYSE:SKX) trades higher after the company issues a statement pointing to industry data showing it's now the second largest athletic footwear seller in the U.S.
- Also in the background is some loose chatter on Nike making a bid for Skechers.
- SKX +3.39% to $107.71 on above-average volume. SKX +94.5% YTD.
Tue, May 19, 1:51 PM
- Skechers (SKX +4.5%) passed Adidas (OTCQX:ADDYY, OTCPK:ADDDF) to become the 2nd largest athletic U.S. footwear seller, notes the WSJ.
- The company's 5% market share topped the 4.6% from Adidas as well as the held by 4% share held by Asics (OTC:ASCCF, OTCPK:ASCCY) and New Balance.
- Nike (NKE +0.1%) holds a commanding market share position of 62%.
- Shares of Skechers are up 92% YTD, while Nike is +9.1% to outpace the S&P 500.
Tue, May 12, 10:51 AM
- NPD data indicates strong demand was seen across the athletic and activewear categories in Q1.
- Athletic footwear growth :Men's +6%, Women +7%, Children +8%.
- Athletic footwear market share: Nike 62%, Skechers 5%, Adidas 5%, Asics 4%.
- Activewear growth: Men +6%, Women +9%, Children +15%.
- Activewear market share: Nike 13%, Under Armour 6%, Adidas 3%, Hanes 3%.
- Related stocks: NKE, SKX, OTCQX:ADDYY, UA, HBI, FINL, FL.
Fri, May 8, 8:10 AM
- Sterne Agee raises its price target on Skechers (NYSE:SKX) to $111 from $90.
- Yesterday, it was Citigroup adjusting its view on Skechers with a PT hike to $106.
- Skechers has been a blazer this year with a 75% run. Without a huge amount of fanfare, shares have doubled the return of both Nike and Under Armour over the last year.
- SA contributors Bill Maurer and Marshall Hargave called the rally early.
- Previously: Retail watch: Shoe stocks racing ahead of the pack (May. 02 2015)
Sat, May 2, 2:00 PM
- There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
- Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
- Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
- The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
- SportsOneSource pegs the international market at $55B and growing briskly.
- In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
- The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX), Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
- Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
- If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
Thu, Apr. 23, 9:40 AM
- B. Riley lifts Skechers (SKX +11.2%) to a Buy rating from Neutral after taking in the company's strong Q1 report.
- The investment firm sets a price target of $92 on the footwear stock.
- Buckingham Research moves to Buy from Neutral with a $94 PT.
- Citigroup cranks up its PT on SKX to $93 to $82.
- Previously: Skechers beats by $0.09, beats on revenue
- Previously: Skechers higher after blowout quarter
Thu, Apr. 23, 9:13 AM
Wed, Apr. 22, 4:19 PM
- Skechers (NYSE:SKX) reports operating income rose 83% Y/Y to $88.2M in Q1.
- U.S. sales and global revenue were both up at a double-digit rate.
- Company-owned retail store sales were up over 9% during the quarter.
- Pricing was also strong with domestic wholesale footwear prices up 5.9%.
- Execs expect the accelerated growth trend to extend throughout the year.
- "We are comfortable with analysts estimates for the second quarter, and we see upside opportunity in the third quarter."
- Previously: Skechers beats by $0.09, beats on revenue
- SKX +1.66% after hours to $77.10 after gaining 1.4% into the report.
Wed, Apr. 22, 4:05 PM
Tue, Apr. 21, 5:35 PM| 6 Comments
Tue, Feb. 24, 11:23 AM
- Data from NPD Group confirms that athleisure and casualwear are providing the strongest growth in the fashion industry.
- Apparel sales growth was flat Y/Y in 2014 at $208.3B.
- Footwear sales +2% to $62B.
- Accessories +2% to $52.7B.
- Categories with strong demand included sports bras, polo/golf/rugby tops, children's footwear, sports jerseys, handbags, leggings, and jewelry accessories.
- NPD says an "underlying sense of rebellion" driven by millennials is a major factor in the sector.
- Apparel/footwear stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE, KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, OXM, HBI, VNCE, PERY, ICON.
Thu, Feb. 12, 8:35 AM
- Buckingham Research upgrades Skechers (NYSE:SKX) to a Neutral rating from Underperform following the company's Q4 report.
- Wunderlich boosts its price target to $102 from $70.
- Monness Crespi & Hardt increases its PT to $74 from $63.
- During the firm's earnings call, the company's Ringo Starr strategy was unveiled in detail.
- "We believe Ringo will not only help elevate our men’s business in the states but also around the world," said management.
- Earnings call transcript.
- Previously: Skechers EPS in-line, beats on revenue (Feb. 11 2015)
- Previously: Skechers rally beat the earnings report (Feb. 11 2015)
- SKX +4.77% premarket.
Wed, Feb. 11, 4:35 PM| 1 Comment
Wed, Feb. 11, 4:01 PM
Wed, Feb. 11, 9:45 AM
- The Footwear Distributors and Retailers of America says tariffs on footwear rose 6.6% to $2.671B last year.
- The pace exceeds sales growth in the sector.
- Countries included the Trans-Pacific Partnership (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam) increased duties last year by 24% Y/Y.
- Analysts have noted that a good portion of the tariff tax has hit the bottom line of shoe companies with pricing still very competitive.
- The footwear trade group is pushing Congress to give President Obama Trade Promotion Authority to help bring tariff relief.
- Shoe stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE.
Tue, Feb. 10, 5:35 PM
- ABCO, ACHC, AEM, AMAT, AMBR, AUY, BIDU, CAKE, CJES, CPA, CRAY, CSCO, CSOD, CTL, CVA, CXW, CYS, DDR, DIOD, EFC, EFX, EXL, FET, FEYE, FORR, GAS, HIVE, HNI, HOS, IO, ITRI, LPSN, MET, NSIT, NTAP, NTWK, NU, NVDA, OII, PNRA, PPC, QDEL, REG, SCSS, SKX, SLF, SPRT, STMP, SWM, TAL, TCX, TRIP, TSLA, TSO, TTGT, WFM, ZEN, ZU
SKX vs. ETF Alternatives
Other News & PR