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Actionable news in UA: UNDER ARMOUR Inc,

Skechers Is A Long-Term Growth Investment

Summary

SKX has higher near-term and long-term growth potential than NKE, yet trades at a discount across various multiples.

We argue that while NKE does warrant a slightly richer valuation than SKX, the multiples should be comparable given strong trailing and projected SKX growth.

If SKX trades at just 75% the valuation of NKE, that implies 20%+ upside.

We currently identify Skechers (NYSE:SKX) as one of our favorite undervalued growth stocks. The company is supported by secular growth in the athletic apparrel space both domestically and internationally, and has...


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