Skechers Announces Merger with 3G Capital Affiliates

Skechers USA ( (SKX) ) has issued an announcement.

On May 4, 2025, Skechers U.S.A., Inc. entered into a merger agreement with Beach Acquisition Co Parent, LLC and its subsidiary, Beach Acquisition Merger Sub, Inc., affiliates of 3G Capital Partners L.P. The merger will result in Skechers becoming a subsidiary of Parent, with the transaction supported by significant debt financing from institutions like JP Morgan Chase Bank. The merger agreement offers Skechers shareholders cash or a combination of cash and equity in the new parent company. The financial implications of the merger include a comprehensive debt financing plan and the issuance of new equity to fund the transaction.

The most recent analyst rating on (SKX) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Skechers USA stock, see the SKX Stock Forecast page.

Spark’s Take on SKX Stock

According to Spark, TipRanks’ AI Analyst, SKX is a Outperform.

Skechers showcases a solid financial foundation with consistent growth and strong international sales. However, technical indicators suggest caution due to limited momentum and trading below key moving averages. The strategic acquisition by 3G Capital could bolster long-term growth prospects, but challenges in China and global trade uncertainties require careful attention. While the valuation is attractive, the lack of dividend and operational hurdles temper the overall positive outlook.

To see Spark’s full report on SKX stock, click here.

More about Skechers USA

Skechers U.S.A., Inc. is a Delaware corporation known for its footwear products. The company operates in the apparel and accessories industry, focusing primarily on designing and marketing lifestyle and performance footwear for men, women, and children.

Average Trading Volume: 6,957,668

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.35B

See more data about SKX stock on TipRanks’ Stock Analysis page.