111 Capital Purchases Shares of 6,125 Skechers U.S.A., Inc. (NYSE:SKX)

111 Capital purchased a new position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,125 shares of the textile maker's stock, valued at approximately $412,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in Skechers U.S.A. by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,498 shares of the textile maker's stock worth $1,580,000 after buying an additional 1,103 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Skechers U.S.A. during the 4th quarter valued at approximately $265,000. Blue Trust Inc. boosted its stake in shares of Skechers U.S.A. by 30.4% during the 4th quarter. Blue Trust Inc. now owns 1,305 shares of the textile maker's stock worth $87,000 after acquiring an additional 304 shares in the last quarter. KBC Group NV grew its holdings in shares of Skechers U.S.A. by 11.3% in the 4th quarter. KBC Group NV now owns 195,503 shares of the textile maker's stock worth $13,146,000 after acquiring an additional 19,865 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in Skechers U.S.A. in the 4th quarter valued at approximately $221,000. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Trading Down 0.1%

SKX stock traded down $0.05 during midday trading on Monday, hitting $62.00. The stock had a trading volume of 3,847,625 shares, compared to its average volume of 3,248,649. The company's 50-day moving average price is $54.88 and its 200 day moving average price is $62.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12. The firm has a market cap of $9.27 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. Skechers U.S.A., Inc. has a 12-month low of $44.50 and a 12-month high of $78.85.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.17. Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SKX has been the topic of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Skechers U.S.A. in a report on Tuesday, April 22nd. Bank of America decreased their price objective on shares of Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Morgan Stanley restated an "equal weight" rating and set a $63.00 target price (down from $73.00) on shares of Skechers U.S.A. in a report on Wednesday, May 7th. UBS Group reaffirmed a "neutral" rating and issued a $63.00 price target (down previously from $64.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Finally, Stifel Nicolaus dropped their price objective on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skechers U.S.A. has a consensus rating of "Hold" and an average price target of $67.69.

Skechers U.S.A. Profile

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.