Teachers Advisors LLC Has $6.59 Million Position in Skechers U.S.A., Inc. (SKX)

Teachers Advisors LLC raised its position in Skechers U.S.A., Inc. (NYSE:SKX) by 99.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,979 shares of the textile maker’s stock after buying an additional 119,538 shares during the period. Teachers Advisors LLC owned about 0.15% of Skechers U.S.A. worth $6,587,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its stake in Skechers U.S.A. by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 23,053 shares of the textile maker’s stock worth $633,000 after buying an additional 75 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in Skechers U.S.A. by 0.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 32,100 shares of the textile maker’s stock worth $881,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc increased its stake in Skechers U.S.A. by 2.0% in the first quarter. IFP Advisors Inc now owns 7,409 shares of the textile maker’s stock worth $203,000 after buying an additional 147 shares in the last quarter. Capstone Asset Management Co. increased its stake in Skechers U.S.A. by 0.9% in the first quarter. Capstone Asset Management Co. now owns 18,446 shares of the textile maker’s stock worth $506,000 after buying an additional 160 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Skechers U.S.A. by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 61,790 shares of the textile maker’s stock worth $1,696,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 67.86% of the company’s stock.

Skechers U.S.A., Inc. (NYSE SKX) opened at 26.95 on Friday. Skechers U.S.A., Inc. has a 12 month low of $18.81 and a 12 month high of $30.00. The company has a market cap of $4.27 billion, a P/E ratio of 18.69 and a beta of 0.18. The firm has a 50-day moving average price of $28.45 and a 200 day moving average price of $26.59.

Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings data on Thursday, July 20th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $966.46 million. Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The company’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Equities research analysts predict that Skechers U.S.A., Inc. will post $1.57 EPS for the current year.

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A number of research analysts recently issued reports on the company. UBS AG upgraded Skechers U.S.A. from a “neutral” rating to a “positive” rating in a research note on Monday, June 5th. B. Riley upgraded Skechers U.S.A. from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, April 21st. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $25.00 price target on shares of Skechers U.S.A. in a research note on Monday, April 24th. Vetr downgraded Skechers U.S.A. from a “strong-buy” rating to a “buy” rating and set a $26.28 price target for the company. in a research note on Tuesday, May 23rd. Finally, BidaskClub downgraded Skechers U.S.A. from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Skechers U.S.A. has an average rating of “Buy” and an average target price of $31.10.

In other news, Director Richard Rappaport sold 1,500 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $28.38, for a total transaction of $42,570.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $567,600. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 21.73% of the company’s stock.

About Skechers U.S.A.

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

Institutional Ownership by Quarter for Skechers U.S.A. (NYSE:SKX)

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