TD Cowen Reiterates Buy Rating on Skechers USA (SKX)

TD Cowen analyst John Kernan reiterated a Buy rating and $76.00 price target on Skechers USA (NYSE: SKX).

The analyst commented: "Price target maintained at $76, representing 16x our raised FY25E EPS of $4.92, and EV/EBITDA of 8x. Our estimates move slightly higher for FY25 though we acknowledge gross margin (freight) and China (14% of sales) uncertainty. Tariffs could emerge as a headwind though China sourcing into U.S. is low. Valuation multiples could re-rate higher if ROIC (13%) and EBIT margin (10%) improves."

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 $61.63 yesterday.

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