Dynamic Technology Lab Private Ltd Buys Shares of 56,289 Skechers U.S.A., Inc. (SKX)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Skechers U.S.A., Inc. (NYSE:SKX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 56,289 shares of the textile maker’s stock, valued at approximately $1,412,000.

Several other institutional investors have also made changes to their positions in SKX. Teachers Advisors LLC increased its position in shares of Skechers U.S.A. by 99.3% during the 1st quarter. Teachers Advisors LLC now owns 239,979 shares of the textile maker’s stock valued at $6,587,000 after purchasing an additional 119,538 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Skechers U.S.A. by 0.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 59,260 shares of the textile maker’s stock valued at $1,627,000 after purchasing an additional 523 shares during the last quarter. Bank of Montreal Can increased its position in shares of Skechers U.S.A. by 888.8% during the 2nd quarter. Bank of Montreal Can now owns 137,495 shares of the textile maker’s stock valued at $4,057,000 after purchasing an additional 123,590 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Skechers U.S.A. by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,745 shares of the textile maker’s stock valued at $1,438,000 after purchasing an additional 2,073 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Skechers U.S.A. by 14.2% during the 2nd quarter. LS Investment Advisors LLC now owns 13,762 shares of the textile maker’s stock valued at $406,000 after purchasing an additional 1,715 shares during the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Jeffrey Greenberg sold 180,000 shares of Skechers U.S.A. stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $31.72, for a total transaction of $5,709,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Phillip Paccione sold 1,004 shares of Skechers U.S.A. stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $27.24, for a total value of $27,348.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 386,504 shares of company stock valued at $12,319,249. 21.73% of the stock is owned by corporate insiders.

Shares of Skechers U.S.A., Inc. (SKX) traded up $0.82 during midday trading on Friday, reaching $33.62. The company’s stock had a trading volume of 2,371,322 shares, compared to its average volume of 5,077,144. Skechers U.S.A., Inc. has a fifty-two week low of $21.33 and a fifty-two week high of $34.87. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. The company has a market cap of $5,327.76, a P/E ratio of 20.88, a P/E/G ratio of 1.42 and a beta of 0.11.

Skechers U.S.A. (NYSE:SKX) last issued its earnings results on Thursday, October 19th. The textile maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. Skechers U.S.A. had a return on equity of 13.70% and a net margin of 6.38%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.42 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. equities research analysts predict that Skechers U.S.A., Inc. will post 1.68 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Vetr lowered Skechers U.S.A. from a “strong-buy” rating to a “hold” rating and set a $33.73 target price for the company. in a research report on Monday, October 23rd. Zacks Investment Research raised Skechers U.S.A. from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research report on Monday, October 23rd. Cowen and Company reiterated a “buy” rating and set a $35.00 price target on shares of Skechers U.S.A. in a research note on Friday, October 27th. Finally, BidaskClub upgraded Skechers U.S.A. from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.74.

Skechers U.S.A. Company Profile

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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