Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike...
) over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron’s reported in its Dec. 7 edition.
Analysts estimate Skechers’ earnings-per-share will rise 15% this year and in 2020, and 12% in 2021. Yet Nike trades at about 30 times analysts’ future earnings estimates, compared with 16 times for Sketchers, even after Skechers shares soared more than 75% this year, the paper said. Skechers sells trainers, dress shoes, sandals and boots - a broader range than Nike - and has grown over the past 20 years to become the third-largest global footwear brand by revenue, after Nike and Adidas AG , the paper said.
Skechers styles, often priced at $50 to $70, are perceived as “cool” and good value, an edge its bigger rivals lack, Barron’s added. “Nike and Adidas are reluctant to identify as value brands, giving Skechers room to run,” Barron’s said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nike has partnered with Doernbecher Children's Hospital and six of its patients to design sneakers that raise money for clinical care, research, and educationFor the 16th year, Nike is teaming up with OSHU Doernbecher Children's Hospital and six young patients to design sneakers that raise money for the hospital.
Read more »
Holiday Gift Guide: Nine Feminist Brands Worth Buying FromSome great holiday gifts from Everlane x equalitynow, fempowerbeauty, its_the_outrage x ACLU and more!
Read more »
On Colorado's Eldora Mountain, a more laid-back way to ski and rideThe laid-back ski area is relatively small by Colorado standards but it's no slouch, with 65 runs and terrain ideal for both beginners and experts.
Read more »
Small-Cap Stocks Are Breaking Out. Here Are 10 Investments Poised to Win.If the economy holds up, shares of companies with market values of $5 billion or less could be the next best stocks to buy. Five stocks and five funds to bet on.
Read more »