Skechers Wholesale Business Can Return to Growth, Analyst Says

Owen Stevens
June 6, 2017

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 46 funds opened positions while 74 raised stakes.

Skechers USA (NYSE:SKX) last released its quarterly earnings results on Thursday, April 20th. The stock has been active on the tape, now trading at $26.41, up from yesterday's close by 0.72%. Jpmorgan Chase has 0% invested in Skechers USA Inc (NYSE:SKX). Twin Tree Lp reported 1 shares stake. Tyers Asset Management LLC now owns 6,104 shares of the textile maker's stock worth $167,000 after buying an additional 224 shares during the last quarter. Profund Advisors LLC now owns 18,533 shares of the textile maker's stock worth $509,000 after buying an additional 622 shares during the period. Verition Fund Ltd Liability Com holds 0.03% or 15,563 shares. Buckingham Cap Mngmt Inc stated it has 0.96% of its portfolio in Skechers USA Inc (NYSE:SKX). Bluemountain Cap Management Ltd Company holds 56,893 shares or 0.03% of its portfolio. Moreover, Punch & Associates Investment Management Inc. has 0.27% invested in the company for 72,800 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 4,091 shares or 0% of their USA portfolio.

Thomson Horstmann & Bryant Inc holds 0.56% of its portfolio in Culp, Inc. for 122,474 shares.

Since December 5, 2016, it had 0 insider purchases, and 8 insider sales for $2.32 million activity.

On 5/2/2017 David Weinberg, COO, sold 23,502 with an average share price of $25.08 per share and the total transaction amounting to $589,430.16.

The post Analyst Upgrades - Skechers USA (NYSE:SKX) Stock Gets Upgraded By Susquehanna Bancshares Inc from Neutral to Positive appeared first on Market Exclusive. 750 shares valued at $22,421 were sold by Walsh Thomas on Tuesday, March 28.

On 3/2/2017 Phillip Paccione, General Counsel, sold 18,794 with an average share price of $25.92 per share and the total transaction amounting to $487,140.48. NASON MARK A sold $500,011 worth of stock or 18,376 shares.

04/21/2017 - Skechers U.S.A., Inc. had its " rating reiterated by analysts at Susquehanna.

Among 16 analysts covering Skechers Usa Inc. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. Therefore 75% are positive. Skechers Usa Inc. has $185 highest and $2.50 lowest target. The stock presently has an average rating of "Hold" and an average price target of $29.44. Skechers Usa Inc. had 40 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has "Buy" rating by Citigroup given on Tuesday, August 23. Vetr lowered shares of Skechers USA from a "strong-buy" rating to a "buy" rating and set a $26.92 target price on the stock.in a research note on Thursday, April 6th. Standpoint Research cut shares of Skechers USA from a "buy" rating to a "hold" rating in a research report on Thursday, March 16th.

For the Current Quarter, the growth estimate for Skechers U.S.A., Inc.is -6.2%, while for the Next Quarter the stock growth estimate is 35.7%. The stock of Skechers USA Inc (NYSE:SKX) earned "Neutral" rating by Monness Crespi & Hardt on Friday, July 22. Dougherty & Company maintained the shares of PFPT in report on Friday, January 27 with "Buy" rating.

About 2.99M shares traded. 5,132,257 shares of the stock were exchanged. It has underperformed by 37.05% the S&P500.

Out of 6 Wall Street analysts rating Proofpoint, 6 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Skechers U.S.A. (NYSE:SKX) has a market cap of $4.15 Billion and the number of outstanding shares have been calculated 157.19 Million. The Firm operates through three divisions: domestic wholesale sales, worldwide wholesale sales, and retail sales, which includes e-commerce sales. It has a 20.35 P/E ratio. Its lifestyle brands include Skechers USA, Skechers Sport, Skechers Active and Skechers Sport Active, Skechers Originals, BOBS from Skechers and Mark Nason. Seekingalpha.com's news article titled: "Skechers: Valuation Gap Is Exaggerated" with publication date: May 26, 2017 was also an interesting one.

Analysts are also projecting an Average Revenue Estimate for Skechers U.S.A., Inc.as $962040 in the Current Quarter.

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