Aperio Group LLC trimmed its holdings in shares of Skechers USA Inc (NYSE:SKX) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,271 shares of the textile maker’s stock after selling 1,803 shares during the quarter. Aperio Group LLC’s holdings in Skechers USA were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Amalgamated Bank grew its position in Skechers USA by 6.3% during the second quarter. Amalgamated Bank now owns 29,351 shares of the textile maker’s stock worth $881,000 after buying an additional 1,738 shares in the last quarter. A.R.T. Advisors LLC grew its position in Skechers USA by 7.5% during the first quarter. A.R.T. Advisors LLC now owns 27,270 shares of the textile maker’s stock worth $1,060,000 after buying an additional 1,900 shares in the last quarter. Intact Investment Management Inc. grew its position in Skechers USA by 34.5% during the second quarter. Intact Investment Management Inc. now owns 7,400 shares of the textile maker’s stock worth $222,000 after buying an additional 1,900 shares in the last quarter. Mason Street Advisors LLC grew its position in Skechers USA by 3.3% during the first quarter. Mason Street Advisors LLC now owns 68,142 shares of the textile maker’s stock worth $2,650,000 after buying an additional 2,161 shares in the last quarter. Finally, NuWave Investment Management LLC grew its position in Skechers USA by 1,253.8% during the first quarter. NuWave Investment Management LLC now owns 2,667 shares of the textile maker’s stock worth $103,000 after buying an additional 2,470 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

SKX opened at $28.86 on Friday. Skechers USA Inc has a 12-month low of $23.80 and a 12-month high of $43.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.28 and a quick ratio of 2.14. The stock has a market capitalization of $4.74 billion, a PE ratio of 16.24, a PEG ratio of 1.72 and a beta of 0.22.

Skechers USA (NYSE:SKX) last posted its quarterly earnings data on Thursday, July 19th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Skechers USA had a return on equity of 14.17% and a net margin of 4.24%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. Skechers USA’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities research analysts expect that Skechers USA Inc will post 1.73 EPS for the current year.

SKX has been the subject of several recent analyst reports. Monness Crespi & Hardt reduced their target price on Skechers USA from $45.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, July 20th. ValuEngine upgraded Skechers USA from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Morgan Stanley assumed coverage on Skechers USA in a report on Wednesday, August 1st. They issued an “equal weight” rating and a $28.00 price objective for the company. UBS Group cut Skechers USA from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $41.00 to $37.00 in a report on Friday, July 20th. Finally, Wedbush cut their price objective on Skechers USA from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Skechers USA has a consensus rating of “Hold” and an average target price of $37.79.

About Skechers USA

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.

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Institutional Ownership by Quarter for Skechers USA (NYSE:SKX)

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