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-0.000321885328351841 0.00215548210949857 0.00158068688029889 0.00215548210949857 0.00114959045839917 0.00431096421899694 0.00308952435694789 -0.00431096421899694
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Skechers will benefit from the continued athleisure trend and global growth, UBS says [MarketWatch]

Ralph Lauren Corporation (RL) 
Last ralph lauren corporation earnings: 2/4 08:01 am Check Earnings Report
US:NYSE Investor Relations: investor.ralphlauren.com
Company Research Source: MarketWatch
Skechers USA Inc. shows post-coronavirus promise, according to UBS analysts, who think the company will benefit from the continued athleisure trend, which is shifting from "performance" items used for sports and workouts to streetwear. UBS forecasts 6.5% global growth in the athleisure category, with gains in developing markets. "COVID-19 will significantly affect Skechers' FY20 earnings in our view," UBS said. "However, we think the company is an underappreciated global growth stock, even as the world's third largest footwear brand. Thus, we expect for earnings to gradually rebound and exceed FY19 levels." Analysts expect fiscal 2020 sales to fall 15% to $4.4 billion. Skechers 2019 sales were $5.22 billion. UBS maintained its buy rating on Skechers stock with a $32 price target, down from $50. UBS cut price targets for a number of brands, including Ralph Lauren Corp. (to $75 from $123), Coach parent Tapestry Inc. (to $14 from $28), Under Armour Inc. (to $10 from $21) and children's b Show less Read more
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