Shares of Skechers were up 14% Friday, which would be their largest percentage increase since April 23, 2021, according to Dow Jones Market Data. The stock was also on pace to hit

Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.

Assuming it can keep its profit margins up, Skechers stock could still be a good buy even at its current level. Its market cap is only around $10.5 billion. If the company can hit its 2026 sales goal and keep operating margins over 10%, then it could have over $1 billion in annual profit by that year.