10 Best Mid Cap Value Stocks To Invest In

2. Skechers U.S.A., Inc. (NYSE:SKX)

Number of Hedge Fund Holders: 45

Market Capitalization as of October 28, 2024: $9.72 Billion

Forward P/E as of October 28, 2024: 13.9

Skechers U.S.A., Inc. (NYSE:SKX) is a footwear and apparel company based in the United States, that is now known as one of the largest brands in the country.

In the third quarter of 2024, Skechers U.S.A., Inc. (NYSE:SKX) logged $2.35 billion in quarterly revenue, up by nearly 16% from year-over-year. Of this, wholesale sales expanded by almost 21%, and direct-to-consumer sales by nearly 10%. The company attributed its record sales performance to its strong consumer demand and its solid supply chain network ensuring products are available at locations when customers need them.

Skechers U.S.A., Inc. (NYSE:SKX) is also making significant investments in technology across its new product offerings. One of its technological inventions, Skechers Hands-Free Slip-ins, has been crucial to the company’s growth across borders. The company supports its product offerings with technology-focused marketing campaigns that leverage the popularity of athletes and global ambassadors.

Overall, Skechers U.S.A., Inc. (NYSE:SKX) is one of the best mid-cap value stocks to invest in because of its global brand image and increasing focus on technology and technicality. While the company enjoys solid returns from its marketing and product line investments, it strives to instill innovation in all aspects of people’s lives.