Shares of Skechers have surged 89 percent in 2015, the third-best performer in the broad S&P 1500 index, as the shoe company shows massive earnings growth amid increased leverage and strong sales in a hot space.
"They're doing such a good job at such a good price point, and other people simple can't make an equivalent shoe for less money," said Sterne Agee CRT analyst Sam Poser. "Plus, they're managing their business better than they ever have."
The company's sales have risen 40 percent in a year, and earnings per share are up by twice that percentage. The run-up in earnings isn't expected to abate anytime soon, as analysts foresee Skechers earning $4.20 per share in the next four quarters (per FactSet).
Poser, who has raised his price target seven times in the past 1½ years while maintaining a "buy" rating, told CNBC he "wouldn't be surprised to see the stock keep rocking," particularly next week when Skecher's new lines will be on display at the New York Shoe Show.