Sterne Agee on Sketchers (SKX)

Analysts from Sterne Agee recently met with management at Sketchers USA (NYSE: SKX), and they came away from the meeting with an overall positive view on business trends and cost controls.

"Management was confident about the current momentum of business,” said analyst Sam Poser. “Our conversations with family footwear retailers lead us to believe that current sales and orders are up double digits."

He views CEO Robert Greenberg’s willingness to meet with investors as a positive sign.

"All said, we believe that SKX is on track for potentially better growth than we have modeled. However, SKX needs to continue to control its spending and inventory flow as it has done in the last few quarters," added Posers.

Sterne Agee has a buy rating Sketchers (NYSE: SKX ) with a price target of $25.00.

For an analyst ratings summary and ratings history on Skechers USA click here. For more ratings news on Skechers USA click here.

Shares of Skechers USA closed at $19.70 yesterday.

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