Is sketchers a good stock to buy?

**Skechers appears to be a solid investment**, here's why:

1. **Strong Financial Performance**: Skechers reported a revenue growth of 7.21% and a net profit margin of 9.18%. The company's net income was $164.52 million, indicating a healthy profitability.

2. **Positive Analyst Ratings and Price Targets**: The stock has a consensus rating of "Buy" with an average price target of $79.62, suggesting that analysts are optimistic about the stock's future performance.
3. **Recent Business Developments**: Skechers has been actively expanding its global footprint, opening new stores, and collaborating with notable celebrities and brands. These initiatives can contribute to increased brand awareness and potential growth.
4. **Historical Growth and Strategic Initiatives**: Skechers has a history of strong sales growth, reaching $8 billion in annual sales by 2023. The company has a clear strategy for further growth, including expanding its distribution capacity in key markets and launching new product lines.
5. **Valuation Metrics**: The P/E ratio is 17.05, the P/S ratio is 1.12, and the price-to-book ratio is 2.34, which are generally in line with industry peers and do not indicate an overvalued stock.

|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|code|market_code|
|---|---|---|---|---|---|---|---|
|SKX.N|Skechers U.S.A.|20240816|17.045028|1.120144789598184|2.340034932802437|SKX|169|

Based on the financial data and recent business developments, Skechers appears to be a good stock to buy. However, as with any investment, it's important to consider your individual financial situation and risk tolerance.