Skechers USA (SKX) Volatility Related to Misconstrued SportScanInfo Data, Sterne Agee CRT Says

Sterne Agee CRT analyst Sam Poser weighed in on Skechers USA (NYSE: SKX) with shares under pressure which the analyst said was due to misconstrued SportScanInfo (SSI) data.

"According to SSI, total sales for all footwear increased 0.4%. as compared to +3% the prior week," Pose notes. "According to SSI, SKX increased 13.3% last week as compared to +33.9% the prior week. Last week's deceleration was likely most impacted by the flooding and rain in the southeast."

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 $127.64 yesterday.

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