Skechers USA (SKX) Holiday Shaping Up Well Despite Talk to the Contrary, Sterne Agee

Sterne Agee analyst Sam Poser weighed in on today's volatility in Skechers USA (NYSE: SKX).

"There is some market commentary around that Skechers' sales in December have been disappointing," he commented. "Our checks indicate the major customers of SKX are very pleased with business. Double-digit year-over-year increases continue to be the norm. Also, large retailers with who we have spoken are planning the Skechers' business up double digits in 2015."

The firm reiterated a Buy rating and price target of $70. The analyst notes that due to seasonality, December dollar sales are less than sales in during back to school. However, double-digit year-over-year increases continue

For an analyst ratings summary and ratings history on Skechers USA click here. For more ratings news on Skechers USA click here.

Shares of Skechers USA closed at $57.47 yesterday.

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