Traders Selling Skechers (SKX) Shares Despite Q4 Beat, Avondale Upgrade

Shares of Skechers (NYSE: SKX) are volatile today following last night's Q4 earnings disappointment. Despite beating on both the top and bottom lines, traders are selling the stock today as they may have been expecting even an even wider beat.

Also affecting traders decisions today, an analyst at Avondale Partners upgraded the stock from Market Perform to Market Outperform. The firm's price target was also raised from $23 to $38.

To track all the analyst action following the Q4 results, visit our Analyst Ratings page.

Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally.

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