Skechers: Disciplined Growth Makes This A Quality Holding

Summary

• Skechers’ stock has strong upside based on the company’s large physical store footprint and consistent market share gains.
• The current valuation of the stock implies profits will permanently fall 20% below current levels.
• The stock still presents excellent risk/reward and could be worth $70+/share today.

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We first made Skechers U.S.A., Inc. (NYSE:SKX) a Long Idea in April 2016, and closed the position in March 2018 to lock in its 5% outperformance of the S&P 500. Shortly thereafter, we made the stock a

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.