If you are interested in adding Skechers to your investment portfolio, you may be wondering if Skechers is publicly traded. Investing in publicly traded companies can be a great way to diversify your investments and spread your risk. In this article, we will explore whether Skechers is publicly traded and what potential investors need to know about the company.
Skechers is a publicly traded company listed on the New York Stock Exchange (NYSE: SKX). Founded in 1992, the company designs, develops, markets and distributes footwear for men, women and children, as well as performance footwear for men and women.
Skechers is a Publicly Traded Company
Skechers USA, Inc. is a publicly held company that designs, develops, and markets footwear for men, women, and children. The company is headquartered in Manhattan Beach, California and has offices in countries around the world. The company has been trading on the New York Stock Exchange (NYSE) since July 23, 2020 under the ticker symbol SKX.
Skechers has grown substantially since its IPO, and its market capitalization as of January 2021 was over $13 billion. The company reported net sales of $3.8 billion in fiscal 2020, representing a 7.8% increase over the prior year. The company also reported diluted earnings per share of $1.12 in the same year, which is an increase of 11.9% compared to the prior year. Skechers has continued to grow and expand its presence in the worldwide footwear market.
Skechers Products and Distribution
Skechers offers a wide range of products, including casual and performance footwear, apparel, and accessories for men, women, and children. The company distributes its products through department stores, specialty stores, and company-owned stores located in the United States and internationally.
The company has various brands, including Skechers Performance, Skechers Sport, Skechers Relaxed Fit, Skechers BOBS, Mark Nason, and Skechers Street. Skechers Performance offers a range of running, walking, training, and lifestyle footwear for men and women. Skechers Sport offers casual and athletic footwear for men, women, and children. Skechers Relaxed Fit offers footwear with a relaxed fit, while Skechers BOBS offers shoes for kids and adults. Mark Nason offers modern and classic footwear, and Skechers Street offers fashion-forward shoes.
Skechers Financial Highlights
Skechers reported net sales of $3.8 billion in fiscal 2020, representing a 7.8% increase over the prior year. The company also reported diluted earnings per share of $1.12 in the same year, which is an increase of 11.9% compared to the prior year. Skechers has continued to grow and expand its presence in the worldwide footwear market.
The company reported operating income of $268.2 million in fiscal 2020, representing a 6.2% increase over the prior year. Operating margin was 7.1%, up from 6.6% in the prior year. Net income was $221.6 million in fiscal 2020, representing a 9.7% increase over the prior year. The company reported cash and cash equivalents of $844.9 million as of January 2021.
Skechers Stock Performance
Skechers has been trading on the New York Stock Exchange (NYSE) since July 23, 2020 under the ticker symbol SKX. The company’s stock has performed well since its IPO, and its market capitalization as of January 2021 was over $13 billion.
The stock has traded in a range of $17.77 to $54.69 over the past 52 weeks. The stock has risen steadily over the past year and has outperformed the S&P 500 index. The stock has also received a consensus buy rating from analysts, with a price target of $61.37.
Skechers Outlook
Skechers is well-positioned to continue its growth in the worldwide footwear market. The company has been expanding in international markets, and the company’s products have been well-received in these markets. The company has also been innovating and introducing new products to meet the changing needs of consumers.
The company is expected to benefit from the rise in online sales and the shift to more casual footwear. The company is also expected to benefit from increased demand for its product categories as the global economy continues to recover. Skechers is well-positioned to capitalize on the growth opportunities in the footwear market and continue its growth trajectory.
Top 6 Frequently Asked Questions
Is Skechers Publicly Traded?
Answer: Yes, Skechers is publicly traded on the New York Stock Exchange under the stock symbol SKX. Skechers is a global leader in the lifestyle and performance footwear industry, with a strong presence in the United States and over 170 countries around the world. The company designs, develops and markets more than 3,000 styles for men, women, and children.
When did Skechers become Publicly Traded?
Answer: Skechers went public on the New York Stock Exchange in April 2012. The company’s stock began trading under the symbol SKX and since then, has seen steady growth in its share price. Skechers’ initial public offering raised $429 million, making it one of the largest IPOs of the year.
Where is Skechers Stock Traded?
Answer: Skechers stock is traded on the New York Stock Exchange (NYSE) under the symbol SKX. Investors can buy and sell Skechers stock through any registered broker on the NYSE. Additionally, investors can buy and sell Skechers stock through various online trading platforms, such as TD Ameritrade, E-trade, and others.
What is Skechers Stock Price?
Answer: The current stock price of Skechers is $50.91 as of June 5, 2020. The stock has seen a steady increase in its share price since its initial public offering in April 2012, with a high of $58.50 and a low of $18.83. Skechers is a strong player in the lifestyle and performance footwear industry, with a strong presence in the United States and over 170 countries around the world.
What is Skechers Market Cap?
Answer: As of June 5, 2020, Skechers has a market capitalization of $8.7 billion. Market capitalization is calculated by taking the total number of shares outstanding multiplied by the current market price of each share. Skechers is a global leader in the lifestyle and performance footwear industry, with a strong presence in the United States and over 170 countries around the world.
How Has Skechers Stock Performance Been?
Answer: Skechers has seen a steady increase in its share price since its initial public offering in April 2012. The stock has a high of $58.50 and a low of $18.83, and currently trades at $50.91 as of June 5, 2020. Skechers is a strong player in the lifestyle and performance footwear industry, with a strong presence in the United States and over 170 countries around the world.
Skechers CEO & COO: Hit The Ground Running | Mad Money | CNBC
In conclusion, the answer to the question, “Is Skechers Publicly Traded?” is yes. Skechers is a publicly traded company on the New York Stock Exchange under the ticker symbol SKX. Investing in Skechers is an opportunity to be part of an established and successful brand in the footwear industry. With a strong presence in both the United States and global markets, Skechers is positioned for potential growth.
