Shares of Skechers (NYSE:SKX) gain over 23% in six months, fundamental improvements seem to be worth the investment

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Updated: 12 June 2019
  • Skechers' shares (NYSE:SKX) gained 23.8% in the past six months;
  • This is mostly due to big fundamental improvements at the company;
  • The stock has recovered from the third consecutive quarterly sales miss.

Shares of Skechers (NYSE:SKX) gained 23.8% in the past six months, which is therefore more than double the growth of the shoe industry. The company is currently focused on many things, including its new line of products, corporate upgrades and store remodelling projects. Their US-based e-commerce business is also doing quite well.

Even though the stock did not react well to the third successive quarterly sales miss, it has recovered.

Skechers currently sports a Zacks Rank #3 (Hold) score with the analysts.