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

111 Capital acquired a new stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,125 shares of the textile maker's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its position in shares of Skechers U.S.A. by 11.6% in the 4th quarter. Spire Wealth Management now owns 1,486 shares of the textile maker's stock valued at $100,000 after acquiring an additional 155 shares during the period. Calamos Wealth Management LLC grew its position in shares of Skechers U.S.A. by 0.9% in the 4th quarter. Calamos Wealth Management LLC now owns 18,257 shares of the textile maker's stock valued at $1,228,000 after acquiring an additional 157 shares during the period. Cerity Partners LLC grew its position in shares of Skechers U.S.A. by 1.2% in the 4th quarter. Cerity Partners LLC now owns 14,090 shares of the textile maker's stock valued at $947,000 after acquiring an additional 172 shares during the period. NewEdge Advisors LLC grew its position in shares of Skechers U.S.A. by 85.2% in the 4th quarter. NewEdge Advisors LLC now owns 413 shares of the textile maker's stock valued at $28,000 after acquiring an additional 190 shares during the period. Finally, Independent Advisor Alliance grew its position in shares of Skechers U.S.A. by 4.7% in the 4th quarter. Independent Advisor Alliance now owns 4,486 shares of the textile maker's stock valued at $302,000 after acquiring an additional 200 shares during the period. Institutional investors own 79.96% of the company's stock.

Skechers U.S.A. Stock Performance

NYSE SKX traded down $0.01 during trading on Tuesday, reaching $62.01. The company's stock had a trading volume of 5,419,597 shares, compared to its average volume of 3,268,171. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.28 billion, a price-to-earnings 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. The firm has a 50 day moving average price of $55.06 and a 200 day moving average price of $62.12.

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

Analyst Ratings Changes

A number of brokerages have recently commented on SKX. 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 for the company in a research report on Monday, March 24th. Evercore ISI reduced their target price on shares of Skechers U.S.A. from $78.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus reduced their target price on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. TD Cowen downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating and set a $63.00 target price for the company. in a report on Wednesday, May 28th. Finally, Raymond James downgraded shares of Skechers U.S.A. from a "moderate buy" rating to a "hold" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Skechers U.S.A. has an average rating of "Hold" and a consensus target price of $67.69.

About Skechers U.S.A.

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.