|Bid||39.45 x 800|
|Ask||40.36 x 1000|
|Day's range||39.29 - 40.20|
|52-week range||33.50 - 51.74|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||8.89|
|Earnings date||26 Oct 2022 - 31 Oct 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||49.85|
LOS ANGELES, August 09, 2022--Skechers Invitational Summer Championship to Spotlight Pickleball in Los Angeles
Shares of shoemaker Skechers (NYSE: SKX) have been on a wild ride. Since the company released its second-quarter 2022 earnings report, I've put Skechers on a short leash, and might sell the whole position later this year. The company's direct-to-consumer segment (sales from its website and retail stores) grew 38%.
Robust demand across the wholesale and direct-to-consumer channels aids Skechers' (SKX) Q2 results. However, COVID-led restrictions in China and supply-chain issues act as headwinds.