Relatively Low P/E Ratio Detected in Shares of Rocky Brands in the Footwear Industry (RCKY, DECK, NKE, SHOO, SKX)
Below are the three companies in the Footwear industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
Rocky Brands ranks lowest with a a P/E ratio of 8.77. Deckers Outdoor is next with a a P/E ratio of 11.68. NIKE ranks third lowest with a a P/E ratio of 14.44.
Steven Madden follows with a a P/E ratio of 18.54, and Skechers U.S.A. rounds out the bottom five with a a P/E ratio of 19.47.
SmarTrend recommended that its subscribers protect gains by selling shares of NIKE on December 24th, 2015 by issuing a Downtrend alert when the shares were trading at $63.44. Since that call, shares of NIKE have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest p/e ratio rocky brands deckers outdoor Nike steven madden skechers u.s.a.