Skechers USA (SKX) faces significant pressure on margins from tariffs impacting results as early as Q2 and resulting in downward revisions for fiscal 2025 and 2026 earnings estimates, UBS Securities said in a note on Friday.
The firm said it believes the company can offset tariff-driven margin compression and is expected to shift production away from high-tariff regions as well as use other cost control strategies to recapture lost margin over the long term.
Skechers' global scale, brand strength, and diversified mix of products and channels position it to adapt more effectively than peers, according to the note.
UBS said any pullback in stock is a buying opportunity and the company's long-term valuation will return to or above historical averages.
The firm's rating remains buy on Skechers' stock with a price target of $64.
Price: 48.23, Change: -2.26, Percent Change: -4.48
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