Skechers Stock Set For Growth As Footwear Trends Remain Solid: BofA Analyst
Skechers Stock Set For Growth As Footwear Trends Remain Solid: BofA Analyst
BofA analyst Christopher Nardone upgraded the shares of Skechers USA Inc (NYSE:SKX) from Neutral to Buy and raised the price target from $71 to $87.
摩根大通分析師Christopher Nardone將Skechers USA Inc (紐交所:SKX)的股票評級由中立調升至買入，並將股價目標從71美元上調至87美元。
The analyst said the upgrade is on the basis that the wholesale environment is improving, broader footwear trends remain solid, and implied 2H sales guidance could prove conservative.
該分析師表示，此次升級基於批發環境的改善，更廣泛的鞋類趨勢依然堅挺，以及隱含的下半年銷售指導可能過於保守。
According to the analyst, SKX offers compelling value at 14.6x F25E P/E given the expectation for a 11% 3 year sales growth CAGR.
據該分析師稱，鑑於預計未來三年銷售額增長複合年增長率爲11%，SKX以14.6倍的F25E市盈率具有非常誘人的價值。
Also, the analyst raised 2Q24/F24 EPS estimates by 8%/2% to $1.00/$4.15 to reflect stronger revenues.
此外，分析師將二季度24和F24每股收益預期分別上調8%和2%至1.00美元和4.15美元，以反映收入增長強勁。
The management's confidence in the trajectory of the U.S. wholesale business has improved relative to earlier this year and the brand is gaining traction with newer, higher priced innovation, noted the analyst.
分析師指出，相對於今年早些時候，管理層對美國批發業務的軌跡信心有所提高，同時該品牌在新的、價格更高的創新方面也正在獲得推動力。
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The analyst is confident of significant international opportunities across China, SE Asia, Latin America, and Eastern Europe.
該分析師對於中國、東南亞、拉丁美洲和東歐等地區的國際機遇充滿信心。
The biggest near term operational risk is volatility around supply chain and freight rates, which will be manageable if SKX delivers outsized growth, said the analyst.
該分析師認爲，最大的近期運營風險是供應鏈和運費率的波動，但如果SKX實現超額增長，這將是可以控制的。
The first-quarter results in April have given positive data points from footwear brands Crocs Inc (NASDAQ:CROX), Birkenstock Holding PLC (NYSE:BIRK), Deckers Outdoor Corp (NYSE:DECK) and On Holdings AG (NYSE:ONON) and most retailers, thereby boosting confidence that momentum in the category will continue, asserted the analyst.
該分析師指出，四月份的業績數據來自鞋類品牌Crocs Inc (納斯達克:CROX)、Birkenstock Holding PLC (紐交所:BIRK)、Deckers Outdoor Corp (紐交所:DECK)和On Holdings AG (紐交所:ONON)等品牌，以及大多數零售商，因此提高了對該類別發展動量將繼續的信心。
The analyst notes SKX's current valuation at 15x P/E is a compelling entry point given the increased confidence on the sustainability of double digit sales trends.
分析師指出，考慮到對雙位數銷售趨勢可持續性的信心不斷增強，SKX目前的估值爲15倍市盈率，是一個具有吸引力的入場點。
Price Action: SKX shares are trading higher by 2.24% at $72.71 at the last check Friday.
股價表現：截至上週五，SKX股票上漲2.24%，報72.71美元。
Photo via Wikimedia Commons
照片通過Wikimedia Commons
譯文內容由第三人軟體翻譯。