Skechers USA (NYSE:SKX) Stock

SKECHERS USA INC-CL A

Skechers USA

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.

Skechers USA Inc

Sankyo Co Ltd

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Shares of footwear-related stocks are trading higher amid sympathy with Nike after the company reported better-than-expected Q4 financial results.

<a href="https://www.bloomberg.com/news/articles/2025-06-26/skechers-prices-over-6-billion-of-debt-in-rare-buyout-financing?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-06-26/skechers-prices-over-6-billion-of-debt-in-rare-buyout-financing?embedded-checkout=true</a>

News

General

'Skechers Prices Over $6 Billion of Debt in Rare Buyout Financing'- Bloomberg

Even as May&#8217;s inflation print was better-than-expected, it snapped a four-month falling streak and rose slightly, hinting that firms absorbed some tariff-induced price hikes.
What Happened: &#8220;Surprisingly, new and used vehicle prices declined in May, despite many expecting an increase in prices from tariffs,&#8221; said the chief economist at LPL Financial, Jeffrey Roach.
According to him, prices for apparel and autos, &#8220;both highly sensitive to trade conditions, declined in May.&#8221; Apparel prices also declined in April, indicating that these companies likely &#8220;absorbed tariff costs.&#8221;
&#8220;But don't expect that to continue,&#8221; he added.
Comerica Wealth Management&#8217;s CIO, Eric Teal, reiterated Roach&#8217;s point and explained that tariffs have not yet shown up in consumer prices. &#8220;But a lot depends on the absorption rate of U.S. companies and foreign suppliers.&#8221;
Teal believed that the majority of the tariffs would eventually get passed to the consumer, &#8220;but companies are cautious at this juncture about passing along the price increase.&#8221;
Similarly, the chief economist at Comerica Bank, Bill Adams, said, &#8220;CPI cool in May, but price increases are still likely to accelerate in the second half of the year.&#8221;
Here&#8217;s how automotive and apparel companies have performed in 2025 under the tariff pressures and fear of price increases.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Automobile Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>-13.93%</td>
<td>84.12%</td>
</tr>
<tr>
<td>Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)</td>
<td>-5.44%</td>
<td>-11.20%</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>-2.92%</td>
<td>2.07%</td>
</tr>
<tr>
<td>Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)</td>
<td>2.50%</td>
<td>-10.91%</td>
</tr>
<tr>
<td>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>10.47%</td>
<td>-11.75%</td>
</tr>
<tr>
<td>Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>22.40%</td>
<td>54.98%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Apparel Stocks</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Urban Outfitters Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>)</td>
<td>21.80%</td>
<td>58.49%</td>
</tr>
<tr>
<td>Citi Trends Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>)</td>
<td>28.29%</td>
<td>51.16%</td>
</tr>
<tr>
<td>Stitch Fix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>)</td>
<td>-1.95%</td>
<td>14.57%</td>
</tr>
<tr>
<td>Carter&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>)</td>
<td>-40.07%</td>
<td>-50.35%</td>
</tr>
<tr>
<td>American Eagle Outfitters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>)</td>
<td>-40.98%</td>
<td>-51.67%</td>
</tr>
<tr>
<td>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</td>
<td>-14.33%</td>
<td>-32.63%</td>
</tr>
<tr>
<td>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>)</td>
<td>-7.00%</td>
<td>-16.00%</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-32.24%</td>
<td>-18.57%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a>
Why It Matters: Contrary to the aforementioned views, the CIO at Northlight Asset Management, Chris Zaccarelli, believed that lower-than-expected numbers across the board and a trade deal with China that was agreed to in London would help &#8220;the narrative around tariff-induced inflation should subside.&#8221;
However, &#8220;we are still cautious, but many of the risks that were present in early April appear to be receding at this time,&#8221; Zaccarelli added.
On the other hand, Jamie Cox also believed that the disinflation trend should be intact in the coming months. &#8220;Shelter and energy are going to keep the disinflation trend intact &#8211; prices are moving down in two of the largest categories, so investors should expect further declines in inflation in the coming months,&#8221; he said.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 0.29% at $601.36, while the QQQ declined 0.34% to $532.41, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices fell on Thursday.
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Photo courtesy: Shutterstock

Equities

CTRN

LULU

SFIX

TSLA

URBN

Automotive And Apparel Companies 'Absorbed Tariff Costs' Amid Better Than Expected May CPI Print: 'But Don't Expect That To Continue,' Says Expert

&#8220;Shelves will be empty,&#8221; was the blunt warning delivered by the CEOs of Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) to U.S. President Donald Trump during a private Oval Office meeting in early April.
In response to mounting pressure from retailers and economic indicators, the U.S. and China reached an agreement on May 12, to reduce tariffs for a 90-day period. Under this deal, U.S. tariffs on Chinese goods will decrease from 145% to 30%, while China&#8217;s tariffs on American imports will drop from 125% to 10%.&nbsp;
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This temporary reprieve aims to alleviate immediate economic strains and provides a window for further negotiations toward a comprehensive trade agreement.
<h2 class="wp-block-heading">Tariff Tension Shakes Retailers And Rattles Wall Street</h2>
Trump&#8217;s sweeping tariff announcement on April 2, dubbed &#8220;Liberation Day,&#8221; slapped a 145% duty on Chinese goods to revive domestic manufacturing.&nbsp;
However, the move triggered an immediate backlash from the retail and financial markets. The Dow Jones Industrial Average plunged more than 1,600 points that day, one of the worst market drops since 2020.
Speaking privately at a JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) event later that week, Treasury Secretary Scott Bessent said, &#8220;Neither side thinks the status quo is sustainable,&#8221; referring to the escalating trade war with China according to a transcript obtained by the <a href="https://apnews.com/article/66668fa26957ece530a250fa8ea19faa">Associated Press,</a> which also quoted him calling the China talks &#8220;a slog.&#8221;&nbsp;
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Inside the Oval Office, the tone was even more urgent. According to sources cited by<a href="https://www.cbsnews.com/news/walmart-target-trump-tariff-supply-chains/"> CBS News</a>, the CEOs – Walmart's Doug McMillont, Target's Brian Cornell, and Ted Decker of Home Depot – emphasized that while prices were stable for now, that wouldn&#8217;t last.
&#8220;The big box CEOs flat out told him [Trump] the prices aren&#8217;t going up; they&#8217;re steady right now, but they will go up. And this wasn&#8217;t about food. But he was told that the shelves will be empty,&#8221; one administration official told<a href="https://www.axios.com/2025/04/23/trump-economy-tariffs-china-powell"> Axios</a>.&nbsp;
The outlet also reported that, according to another official briefed on the meeting, the executives said supply disruptions could become visible within two weeks if the tariffs remained in place.&nbsp;
Meanwhile, the broader U.S. economy was feeling the pressure. China&#8217;s factory activity contracted significantly in April, with the country&#8217;s official Purchasing Managers&#8217; Index falling to 49.0. This signaled a slowdown in global manufacturing as U.S. orders declined, according to the <a href="https://www.stats.gov.cn/english/PressRelease/202505/t20250507_1959690.html">official survey</a> by the China Federation of Logistics and Purchasing, published on May 7 .
On the home front, the U.S. economy shrank by 0.3% in the first quarter—the first contraction in three years.
Amid this uncertainty, Trump made headlines again when he said he had &#8220;no intention&#8221; of firing Federal Reserve Chair Jerome Powell, easing concerns over central bank independence. The reassurance helped markets rebound temporarily.
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Companies were also reacting to prolonged trade tensions. In 2024, Skechers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>)<a href="https://investors.skechers.com/press-releases/detail/665/skechers-agrees-to-be-acquired-by-3g-capital"> </a>&nbsp;reported $1,218.2 million in <a href="https://investors.skechers.com/financial-data/all-sec-filings/content/0000950170-25-015399/skx-ex99_1.htm">sales from China</a>—13.6% of its $8,969.4 million global revenue. The company, heavily reliant on <a href="https://investors.skechers.com/financial-data/all-sec-filings/content/0001193125-14-077061/d647920d10k.htm">Chinese imports</a>, faced rising U.S. tariffs that drove up costs and disrupted operations.&nbsp;
Skechers, alongside 75 other footwear companies including Nike and Adidas America, <a href="https://fdra.org/wp-content/uploads/2025/04/April-29-Footwear-POTUS-Letter.pdf">signed a letter</a> dated 29 April from the Footwear Distributors and Retailers of America urging President Trump to exempt shoes from reciprocal tariffs. Skechers also withdrew its full-year outlook via an April 24 <a href="https://investors.skechers.com/press-releases/detail/663/skechers-announces-first-quarter-2025-financial-results-and">press release</a>.&nbsp;
Soon after, it <a href="https://investors.skechers.com/press-releases/detail/665/skechers-agrees-to-be-acquired-by-3g-capital">announced </a>a $63-per-share cash acquisition by 3G Capital—a 30% premium—citing global brand momentum.
In response to the escalating pressure, Trump unveiled a 90-day tariff pause on April 9 for most U.S. trade partners—excluding China. This shift helped the S&amp;P 500 post its biggest one-day gain since 2008.
Still, market analysts urge caution. Sevens Report Research President Tom Essaye told<a href="https://www.marketwatch.com/story/why-the-stock-rally-may-be-in-trouble-after-the-white-house-backtracked-on-tariffs-147a4ca0"> MarketWatch</a> on May 5 that tariff reprieve may be temporary and that higher trade barriers will continue to weigh on economic growth.
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Image: Shutterstock

Personal Finance

Walmart, Target, Home Depot CEOs Tell Trump Prices Will Rise — 'Shelves Will Be Empty' If Tariffs Persist

<ul class="wp-block-list">
<li>Skechers will be acquired by 3G Capital, it announced Monday</li>
<li>The investment firm purchased the footwear giant for $9.5 billion in a deal that will take it private</li>
<li>The acquisition comes at a time when tariffs have companies in the footwear industry nervous about the future</li>
</ul>
Skechers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) <a href="https://investors.skechers.com/press-releases/detail/665/skechers-agrees-to-be-acquired-by-3g-capital">announced Monday</a> that it will be acquired by global investment firm 3G Capita for $9.5 billionl.
The third-largest shoe company in the world, Skechers was founded in 1992 by father-son duo Robert and Michael Greenberg. The company is still founder-run, and the Greenbergs will retain their respective positions as CEO and president after the take-private deal closes.&nbsp;&nbsp;
3G Capital has previously acquired Burger King and Tim Hortons and is responsible for the Kraft-Heinz merger.
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According to Skechers, 3G will buy out each of the company's 18 million public shares in one of two ways. Either it will pay $63 in cash for each share, or it will pay $57 per share with the addition of a single share in the new LLC that will become Skecher's parent company.
"Over the last three decades, Skechers has experienced tremendous growth," Robert Greenberg said. "Given [3G Capital's] remarkable history of facilitating the success of some of the most iconic global consumer businesses, we believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the Company's long-term growth."
The deal is expected to close in the third quarter of this year.
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In 2024, Skechers <a href="https://investors.skechers.com/press-releases/detail/649/skechers-announces-2024-record-annual-sales-of-8-97-billion#:~:text=%E2%80%9CSkechers%20delivered%20exceptional%20results%20in,Chief%20Financial%20Officer%20of%20Skechers.">reported</a> a record $9 billion in sales. Some 62% of those sales take place outside the U.S., in one of the 180 countries the company has a presence in, according to a recent <a href="https://d1io3yog0oux5.cloudfront.net/_e894474d4a7decf3b34cdfdb91ca3804/skx/db/433/3612/pdf/Skechers+2025+Investor+Presentation+%28Growth%29+vFinal.pdf">investor presentation</a>.&nbsp;
The deal with 3G Capital comes at a time when uncertainties about international sales and imports are increasing. Skechers, in particular, could feel the crunch of those tariffs since its&nbsp; manufacturing operations are primarily overseas in places like China and India. Tariffs on products made in China currently sit at 145% and at 26% on products made in India.
But the potential financial shift doesn't seem to have shaken 3G Capital's feelings on the deal. "We have immense admiration for the business that this team has built, and look forward to supporting the Company's next chapter," Alex Behring and Daniel Schwartz, co-managing partners of the firm, said in the announcement.&nbsp;
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Image: Shutterstock

Skechers Set To Go Private Amidst Tariff Drama, Hopes New Partnership Will 'Enable The Company's Long-Term Growth'

Morgan Stanley analyst Alex Straton downgrades Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) from Overweight to Equal-Weight and lowers the price target from $73 to $63.

Downgrades

Price Target

Analyst Ratings

Morgan Stanley Downgrades Skechers USA to Equal-Weight, Lowers Price Target to $63

Barclays analyst Adrienne Yih downgrades Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) from Overweight to Equal-Weight and raises the price target from $53 to $63.

Barclays Downgrades Skechers USA to Equal-Weight, Raises Price Target to $63

Wells Fargo analyst Ike Boruchow maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Overweight and raises the price target from $57 to $63.

Wells Fargo Maintains Overweight on Skechers USA, Raises Price Target to $63

U.S. stock futures fell on Tuesday after snapping a nine-day winning streak on the S&amp;P 500 index. Futures of major benchmark indices were lower in premarket.
After a remarkable 20-year high winning streak, the S&amp;P 500 saw stocks decline on Monday. This reversal was triggered by two key statements from President Donald Trump: his proposal for a 100% tariff on <a href="https://www.benzinga.com/general/entertainment/25/05/45201601/trump-wants-movies-made-in-america-again-heres-what-tariffs-on-films-could-mean-for-disney-netflix-stock">foreign-made films</a> and his announcement that he would not be discussing trade with Chinese President Xi Jinping this week. 
Investors are keeping an eye on the Federal Reserve&#8217;s decision on interest rates, which is slated to be announced on Wednesday.
Meanwhile, the 10-year Treasury bond yielded 4.36% and the two-year bond was at 3.81%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 96.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.54%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.77%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.91%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.98%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. The SPY was down 0.82% to $558.89, while the QQQ declined 1.12% to $480.49, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Energy, consumer discretionary, and information technology sectors led Monday&#8217;s decline on the S&amp;P 500, contributing to the index snapping a nine-session winning streak.
Bucking this trend, consumer staples stocks closed slightly higher.
The S&amp;P 500 rose by 2.9%, the Dow by 3%, and the Nasdaq by 3.4% for the week.
In company news, Skechers U.S.A. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) saw its shares surge over 24% following an acquisition agreement by 3G Capital at $63 per share, while Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) <a href="https://www.benzinga.com/news/25/05/45198250/tyson-shares-drop-after-mixed-quarter-with-weak-sales-solid-profit">shares fell </a>around 8% after disappointing second-quarter sales.
On the economic front, the ISM services PMI exceeded expectations, rising to 51.6 in April from March&#8217;s 50.8.
The Dow Jones index declined 99 points or 0.24% to 41,218.83, whereas the S&amp;P 500 index fell 0.64% to 5,650.38. Nasdaq Composite ended 0.74% lower at 17,844.24, and the small-cap gauge, Russell 2000, tumbled 0.82% to 2,004.26.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.74%</td>
<td>17,844.24</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.64%</td>
<td>5,650.38</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.24%</td>
<td>41,218.83</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.82%</td>
<td>2,004.26</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
WisdomTree senior economist Jeremy Siegel highlights the positive impact of the <a href="https://www.benzinga.com/25/05/45213790/us-dollar-depreciation-is-cushioning-the-impact-of-tariffs-on-corporate-profits-says-expert-heres-how">U.S. dollar&#8217;s decline</a> on multinational earnings this year.
In his weekly commentary, he points out that roughly half of the S&amp;P 500&#8217;s revenue is generated internationally, a factor he believes can mitigate the adverse effects of tariffs on corporate profits.
As Siegel states, "With 40-45% of S&amp;P 500 revenues sourced abroad, that currency translation effect alone could cushion the impact of tariffs on corporate profits."
He further suggests that, "This, alongside hopes of deal-making and eventual tariff de-escalation, is underpinning the market&#8217;s recovery."
Moreover, Siegel remains optimistic about stocks, explaining that markets often overreact to recessions.
He argues, "While earnings may drop if the economy turns south, the long-horizon value of equities should not fall 20–25%, as often happens. If investors finally look beyond the valley into the mountain, the downside could be limited even in a mild recession."
As the Federal Reserve is projected to keep the interest rates steady after the Wednesday&#8217;s meeting, Cooper Howard, director, fixed income strategy at the Schwab Center for Financial Research said, &#8220;The market&#8217;s pricing in between three and four cuts prior to the year-end, but that's aggressive unless the labor market shows further signs of slowing.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Tuesday:
<ul>
<li>The U.S. trade deficit data for March will be out by 8:30 a.m.</li>
</ul>
Stocks In Focus:
<ul>
<li>Marriott International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) rose 0.62% in premarket on Tuesday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $2.25 per share on revenue of $6.17 billion.</li>
</ul>
<ul>
<li>Archer-Daniels-Midland Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) fell 0.63% as Wall Street expects it to report earnings of 67 cents per share on revenue of $21.94 billion before the opening bell.</li>
</ul>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) was 0.59% lower as it is expected to report earnings after the closing bell. Analysts expect a quarterly earnings of 94 cents per share on revenue of $7.13 billion.</li>
</ul>
<ul>
<li>Celanese Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) jumped 5.49% after posting better-than-expected results for its first quarter on Monday. The company said it sees second-quarter adjusted earnings of $1.30 to $1.50 per share, versus market estimates of $1.41 per share.</li>
</ul>
<ul>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) dropped 7.89% despite reporting in-line earnings for its first quarter on Monday. Palantir reported first-quarter revenue of $883.86 million, beating analyst estimates of $862.83 million. The company reported first-quarter adjusted earnings of 13 cents per share, in line with analyst estimates.</li>
</ul>
<ul>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) was trading 074% lower after expanding its partnership with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), down 1.07%. The companies aim to advance agentic AI and hybrid cloud, and also unveil hybrid AI technologies.</li>
</ul>
<ul>
<li>Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) was 11.34% higher after announcing a strategic partnership with Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to advance autonomous mobility.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 2.78% to hover around $58.72 per barrel.
Gold Spot US Dollar rose 1.36% to hover around $3,376.57 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.18% at the 99.6530 level.
Asian markets were mixed on Monday. India's S&amp;P BSE Sensex and Australia's ASX 200 indices declined. While China&#8217;s CSI 300, Hong Kong's Hang Seng, Japan's Nikkei 225, and South Korea's Kospi index rose. European markets were also mixed in early trade.
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<li><a href="https://www.benzinga.com/25/05/45214653/uber-could-win-the-robo-taxi-war-says-expert-analyst-predicts-75-gains-on-ride-hailing-cost-drop">Uber Could Win The &#8216;Robo Taxi War,&#8217; Says Expert: Analyst Predicts 75% Gains On Ride Hailing Cost Drop</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Treasuries

Economics

Pre-Market Outlook

Markets

Trading Ideas

ORCL

PLTR

PONY

UBER

US Stocks Likely To Open Lower After Snapping 9-Day Streak: 'Downside Could Be Limited Even In A Mild Recession,' Says Expert

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the S&amp;P 500 snapping a nine-session winning streak.
All three major averages recorded gains for the second week, with the S&amp;P 500 adding 2.9% and the Dow gaining 3% on the week. The Nasdaq, meanwhile, closed higher by 3.4% for the week.
Shares of Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) jumped over 24% on Monday after the company agreed to be acquired by 3G Capital for $63 per share. Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) shares fell around 8% after the company reported worse-than-expected second-quarter sales results.
On the economic data front, the ISM services PMI rose to 51.6 in April versus a nine-month low level of 50.8 in the previous month March and topping market estimates of 50.6.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, consumer discretionary and information technology stocks recording biggest losses on Monday. However, consumer staples stocks bucked the overall market trend, closing the session slightly higher.
The Dow Jones closed lower by around 99 points to 41,218.83 on Monday. The S&amp;P 500 fell 0.64% to 5,650.38, while the Nasdaq Composite fell 0.74% at 17,844.24 during Monday's session.
Investors are awaiting earnings results from Marriott International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) today.
At a current reading of 56.4, the index moved to the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 54.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45193793/top-3-tech-and-telecom-stocks-that-may-jump-this-quarter">Top 3 Tech And Telecom Stocks That May Jump This Quarter</a> </li>
</ul>
Photo via Shutterstock

Earnings

S&P 500 Snaps Nine-Session Winning Streak; Investor Sentiment Improves, Fear & Greed Index Moves To 'Greed' Zone

<h3>Gainers</h3>
<ul>
<li>WW International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) shares moved upwards by 36.9% to $0.79 during Monday's regular session. The market value of their outstanding shares is at $63.7 million. </li>
<li>Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares moved upwards by 24.52% to $61.48. The market value of their outstanding shares is at $9.2 billion. </li>
<li>Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) stock rose 18.24% to $5.25. The market value of their outstanding shares is at $69.0 million. </li>
<li>Ark Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKR#NASDAQ">ARKR</a>) stock rose 17.14% to $11.0. The company's market cap stands at $39.6 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock rose 16.6% to $0.7. The company's market cap stands at $9.3 million. </li>
<li>Ruanyun Edai Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYET#NASDAQ">RYET</a>) shares increased by 15.08% to $7.78. The company's market cap stands at $262.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock fell 20.0% to $0.6 during Monday's regular session. The market value of their outstanding shares is at $14.6 million. </li>
<li>Netclass Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCL#NASDAQ">NTCL</a>) shares decreased by 16.58% to $14.6. The company's market cap stands at $260.3 million. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock decreased by 13.79% to $0.17. The company's market cap stands at $1.4 million. </li>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) shares decreased by 10.89% to $2.0. The company's market cap stands at $25.2 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Autozi Internet Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) shares declined by 10.62% to $1.01. The market value of their outstanding shares is at $107.0 million. </li>
<li>Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) stock fell 9.37% to $5.85. The market value of their outstanding shares is at $614.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ARKR

CURV

EEIQ

JDZG

NTCL

RYET

UEIC

VNCE

12 Consumer Discretionary Stocks Moving In Monday's Intraday Session

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 0.2% on Monday.
The Dow traded up 0.21% to 41,406.25 while the NASDAQ fell 0.41% to 17,903.64. The S&amp;P 500 also fell, dropping, 0.26% to 5,671.90.
Check This Out: <a href="https://www.benzinga.com/markets/25/05/45192607/jim-cramer-applied-materials-is-an-excellent-company-but-likes-this-tech-stock-more">Jim Cramer Says Applied Materials Is An &#8216;Excellent&#8217; Company, But Likes This Tech Stock More</a>
Leading and Lagging Sectors Industrials shares rose by 0.2% on Monday.
In trading on Monday, energy stocks dipped by 1.9%.
Top Headline
The ISM services PMI rose to 51.6 in April versus a nine-month low level of 50.8 in the previous month March and topping market estimates of 50.6.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Hyperscale Data, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NASDAQ">GPUS</a>) shares shot up 202% to $4.14 after the company issued first-quarter and FY25 sales guidance.</li>
<li>Shares of Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) got a boost, surging 25% to $61.70 after the company agreed to be acquired by 3G Capital for $63 per share.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) shares were also up, gaining 12% to $10.01 after the company reported a first-quarter sales beat.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) shares dropped 29% to $11.94 after the company reported a first-quarter adjusted EPS miss and cut its FY25 adjusted EPS guidance.</li>
<li>Shares of PTC Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTCT#NASDAQ">PTCT</a>) were down 18% to $40.87. The company announced results from the Phase 2 PIVOT-HD study of PTC518 in Stage 2 and Stage 3 Huntington&#8217;s disease patients.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) was down, falling 16% to $36.53 after the company reported worse-than-expected first-quarter EPS results.</li>
</ul>
Commodities In commodity news, oil traded down 2.2% to $57.00 while gold traded up 2.5% at $3,323.40.
Silver traded up 0.6% to $32.455 on Monday, while copper rose 0.3% to $4.6875.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.06%, while Spain's IBEX 35 Index gained 0.40%. Germany's DAX 40 rose 0.87% and France's CAC 40 fell 0.58% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with India's BSE Sensex rising 0.37%.
Economics
<ul>
<li>The S&amp;P Global services PMI was revised lower to 50.8 in April 2025 compared to a preliminary reading of 51.4.</li>
<li>The ISM services PMI rose to 51.6 in April versus a nine-month low level of 50.8 in the previous month March and topping market estimates of 50.6.</li>
</ul>
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</ul>
Photo via Shutterstock

Eurozone

Intraday Update

BCRX

GPUS

IART

PTCT

TGTX

Crude Oil Falls Over 2%; ISM Services PMI Rises In April

U.S. stocks were lower, with the Nasdaq Composite falling around 100 points on Monday.
Shares of Napco Security Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) rose sharply during Monday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/NSSC/earnings">first-quarter financial results</a>.
NAPCO Security Techs reported quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $43.96 million which beat the analyst consensus estimate of $43.14 million.
Napco Security Technologies shares jumped 9.6% to $26.06 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares jumped 25% to $61.66 after the company agreed to be acquired by 3G Capital for $63 per share.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) gained 12.2% to $10.02 after the company reported a first-quarter sales beat.</li>
<li>Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) gained 10% to $11.44.</li>
<li>Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) gained 9.2% to $3.67.</li>
<li>Nutex Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) climbed 8.7% to $124.64.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) rose 7.7% to $22.84.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) shares gained 7% to $16.09.</li>
<li>Tsakos Energy Navigation Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEN#NYSE">TEN</a>) gained 6.2% to $18.13.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) climbed 5.4% to $4.2050. The company posted upbeat quarterly earnings on Friday.</li>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) gained 5.2% to $54.69. Canaccord Genuity analyst Brian McNamara upgraded Worthington Enterprises from Hold to Buy and raised the price target from $54 to $67.</li>
<li>Tsakos Energy Navigation Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEN#NYSE">TEN</a>) shares rose 4.9% to $17.90.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/markets/25/05/45192607/jim-cramer-applied-materials-is-an-excellent-company-but-likes-this-tech-stock-more">Jim Cramer Says Applied Materials Is An &#8216;Excellent&#8217; Company, But Likes This Tech Stock More</a> </li>
</ul>
Photo via Shutterstock

NSSC

NUTX

ULCC

Napco Security Technologies Posts Better-Than-Expected Results, Joins Skechers, BioCryst Pharmaceuticals And Other Big Stocks Moving Higher On Monday

Leading American footwear companies, Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Adidas (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>), Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>), and others have approached President Donald Trump, seeking an exemption from tariffs, citing the risk of a potential industry collapse.
What Happened: The Footwear Distributors and Retailers of America trade association dispatched a letter dated April 29 to the White House, pleading for relief from Trump&#8217;s reciprocal tariffs. The letter, endorsed by 76 footwear companies, expressed that the tariffs present an &#8220;existential threat&#8221; to the industry, as per a <a href="https://www.cnbc.com/2025/05/02/nike-adidas-footwear-giants-ask-trump-for-tariff-exemption.html">CNBC report</a> on Friday.
The letter emphasized that businesses manufacturing affordable footwear for lower and middle-income families are incapable of absorbing high tariff rates or transferring&nbsp;these costs. Without swift support, many companies could be forced to shut down.
Trump&#8217;s tariffs, announced on April 2, imposed duties on several key countries for footwear sourcing, such as China, Vietnam, and Cambodia. The tariffs are scheduled to restart in early July.
The footwear association cautioned that the tariffs would not fulfill Trump&#8217;s promise of returning manufacturing to the U.S., as they eliminate the stability businesses need for investment in sourcing changes.
"This is an emergency that requires immediate action and attention,&#8221; stated the Association. &#8220;The American footwear industry does not have months to adjust business models and supply chains while absorbing this unprecedented and unforeseen tariff regime,&#8221; it added.
SEE ALSO: <a href="https://benzinga.com/news/25/05/45186124/peter-lynchs-market-observation-far-more-money-has-been-lost-by-investors-preparing-for-corrections-than-has" target="_blank" rel="noreferrer noopener">Peter Lynch&#8217;s Market Observation: &#8216;Far More Money Has Been Lost By Investors Preparing For Corrections, Than Has Been Lost In Corrections Themselves&#8217;</a>
Why It Matters: Earlier in April,&nbsp;Nike&#8217;s shares <a href="https://www.benzinga.com/news/global/25/04/44741043/nike-stock-tumbles-as-us-china-trade-war-intensifies-what-you-need-to-know">plummeted&nbsp;</a>by about 25% as the escalating trade war between the United States and China threatened the company&#8217;s supply chain. Nike imports a majority of its products from China, Vietnam, and Indonesia.
In April, Economist Peter Schiff <a href="https://www.benzinga.com/markets/equities/25/04/44640220/peter-schiff-says-nike-wont-build-factories-in-us-they-will-sell-to-countries-like-china-a-much-better-strategy-amid-trump-tariffs">cautioned </a>that Nike Inc. is unlikely to move its production to the U.S. despite new tariffs, forecasting increased prices and a decline in domestic sales for the footwear company.
Schiff wrote on X, "Nike won't build factories in the U.S. to make sneakers. That would add more cost than the 40% tariffs&#8230;The result will be fewer sneakers sold in the U.S. at much higher prices."
Additionally, Skechers <a href="https://www.benzinga.com/news/earnings/25/04/44996051/skechers-stock-falls-on-q1-revenue-miss-details">reported a revenue</a> <a href="https://www.benzinga.com/news/earnings/25/04/44996051/skechers-stock-falls-on-q1-revenue-miss-details">miss</a> in the first quarter, further indicating the strain on the footwear industry. The tariffs, if not lifted, could exacerbate these challenges for the industry. Even Adidas cautioned that tariffs would result in increased costs for American consumers.
Nike stock has climbed 5.36% over the past month, while that of Adidas surged 14.81% during the same period. 
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ADDYY

Footwear Titans Nike, Adidas Call Tariffs An 'Existential Threat', Appeal To Trump For Relief: 'This Is An Emergency'

Footwear giant Skechers U.S.A. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) stock is soaring <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">on Monday</a>. The company agreed to go private following its acquisition by global investment firm 3G Capital.
The agreement offers <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45192792/skechers-agrees-to-be-acquired-by-3g-capital" rel="noreferrer noopener">shareholders $63.00 per share in cash</a>, a 30% premium over Skechers' recent trading average or a blended option of cash and equity units in the post-transaction entity.
This amounts to a<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44994833/skechers-announces-first-quarter-2025-financial-results-and-record-quarterly-sales" rel="noreferrer noopener"> deal value of $9.54 billion</a> calculated using 151.49 billion weighted-average shares used in calculating net earnings per share.
3G Capital and Skechers' management see the deal as a long-term growth opportunity for the California-based footwear leader.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45170433/kimberly-clark-commits-2b-to-us-expansion-overhaul" rel="noreferrer noopener">Kimberly-Clark Commits $2 Billion For US Expansion Overhaul</a>
Robert Greenberg will remain chairman and CEO, joined by Michael Greenberg as president and David Weinberg as COO. The leadership team will continue to drive Skechers' strategy. The company will keep its headquarters in Manhattan Beach, California.
Under the deal's terms, investors may choose the all-cash option or a mixed package of $57.00 per share and a non-tradable equity unit in the new private company.
The mixed consideration is limited to 20% of total shares, and selections exceeding this cap will be adjusted proportionally. Shareholders who do not make a selection will receive the full-cash option by default.
The transaction has already secured consent from stakeholders holding around 60% of Skechers' voting power, meaning no further shareholder vote is necessary.
The board of directors guided by an independent committee unanimously approved the agreement. The deal is expected to close in the third quarter of 2025, pending regulatory review and customary closing conditions.
In FY24, Skechers <a target="_blank" href="https://investors.skechers.com/press-releases/detail/649/skechers-announces-2024-record-annual-sales-of-8-97-billion" rel="noreferrer noopener">recorded a 12.1% increase</a> in revenue to $8.97 billion, with a 13.2% growth in Wholesale sales and a 10.7% increase in Direct-to-Consumer sales.
The buyout will be financed through a combination of capital from 3G and debt underwritten by JPMorgan Chase Bank. Upon finalization, Skechers' shares will be delisted from the New York Stock Exchange.
Price Action: SKX shares traded higher by 25.1% at $61.75 at last check Monday.
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</ul>
Photo via Shutterstock

Footwear Giant Skechers To Go Private At 30% Premium In PE Deal

Skechers shares are trading higher after the company agreed to be acquired by 3G Capital for $63 per share.

<ul>
<li>Skechers will continue to be led by Chairman and Chief Executive Officer Robert Greenberg, President Michael Greenberg, and Chief Operating Officer David Weinberg</li>
<li>The Company will remain focused on its successful strategy of delivering style, comfort, quality, and innovation at an affordable price</li>
<li>Skechers and 3G Capital have a shared vision for the long-term future growth of the business</li>
<li>3G Capital to pay $63.00 per share in cash for Skechers, representing a premium of 30% to the Company's 15-day volume-weighted average stock price</li>
<li>3G Capital to offer all existing Skechers stockholders an alternative mixed consideration option</li>
<li>Skechers to become a privately held company upon completion of the transaction</li>
</ul>
Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>), a Fortune 500 company and the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20250505432130/en/">https://www.businesswire.com/news/home/20250505432130/en/</a>
One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers' significant growth over the past 30 years has been driven by a relentless focus on delivering style, comfort, quality, and innovation at an affordable price. Known as the Comfort Technology Company&#xAE;, Skechers is a growth-oriented, product-driven brand with a diverse distribution network, and highly loyal customers and consumers.

Skechers Agrees To Be Acquired By 3G Capital For $63.00 Per Share In Cash

Skechers USA's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) short percent of float has fallen 23.31% since its last report. The company recently reported that it has 5.65 million shares sold short, which is 5.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Skechers USA Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746190839_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Skechers USA has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Skechers USA's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Skechers USA's peer group average for short interest as a percentage of float is 10.57%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Skechers USA?

Throughout the last three months, 11 analysts have evaluated Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $69.18, with a high estimate of $90.00 and a low estimate of $53.00. This current average has decreased by 11.1% from the previous average price target of $77.82. 
<img src="https://www.benzinga.com/files/images/story/2025/1746036054_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Skechers USA is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$57.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>JESALYN Wong</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$64.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$62.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Christopher Nardone</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$77.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Rick Patel</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$90.00</td>
<td>$92.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Skechers USA. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Skechers USA compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Skechers USA's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SKX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Skechers USA analyst ratings.</a>
<h2>About Skechers USA</h2>
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
<h3>Skechers USA: Financial Performance Dissected</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Skechers USA's revenue growth over a period of 3M has been noteworthy. As of 31 March, 2025, the company achieved a revenue growth rate of approximately 9.0%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Skechers USA's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.39% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 4.61%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.37%, the company showcases effective utilization of assets.
Debt Management: Skechers USA's debt-to-equity ratio is below the industry average. With a ratio of 0.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

11 Analysts Have This To Say About Skechers USA

Wells Fargo analyst Ike Boruchow maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Overweight and lowers the price target from $65 to $57.

Wells Fargo Maintains Overweight on Skechers USA, Lowers Price Target to $57

Press Releases

Skechers Agrees to Be Acquired by 3G Capital

Shareholder Alert: The Ademi Firm Investigates Whether Skechers U.S.A., Inc. is Obtaining a Fair Price for Its Public Shareholders

SKX Investors Have the Opportunity to Join Investigation of Skechers U.S.A., Inc. with the Schall Law Firm

Skechers Shareholders Unhappy with Merger Should Contact Shareholder Rights Firm Regarding Potential Legal Claims

Legal

Johnson Fistel Investigates Fairness of Proposed Sale of Skechers to 3G Capital

Skechers AERO Series Opens New Chapter of Technical Running Innovation

Skechers Named Official Footwear Partner of Bay to Breakers Powered by Windsurf 2025

Johnson Fistel Launches Probe into Skechers Go Private Deal

BOBS® From Skechers® Celebrates Its Decade of Love for Animals During National Foster-a-Pet Month

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