XTX Topco Ltd Invests $2.62 Million in Skechers U.S.A., Inc. (NYSE:SKX)

XTX Topco Ltd purchased a new position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 46,192 shares of the textile maker's stock, valued at approximately $2,623,000.

Several other institutional investors have also modified their holdings of the business. HB Wealth Management LLC lifted its stake in shares of Skechers U.S.A. by 4.3% in the first quarter. HB Wealth Management LLC now owns 4,107 shares of the textile maker's stock worth $233,000 after acquiring an additional 168 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Skechers U.S.A. by 1.2% in the fourth quarter. Cerity Partners LLC now owns 14,090 shares of the textile maker's stock worth $947,000 after acquiring an additional 172 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Skechers U.S.A. by 85.2% in the fourth quarter. NewEdge Advisors LLC now owns 413 shares of the textile maker's stock worth $28,000 after acquiring an additional 190 shares in the last quarter. SageView Advisory Group LLC lifted its stake in shares of Skechers U.S.A. by 2.7% in the fourth quarter. SageView Advisory Group LLC now owns 8,496 shares of the textile maker's stock worth $571,000 after acquiring an additional 224 shares in the last quarter. Finally, Delphi Management Inc. MA lifted its stake in shares of Skechers U.S.A. by 1.0% in the first quarter. Delphi Management Inc. MA now owns 22,797 shares of the textile maker's stock worth $1,294,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Stock Performance

Shares of Skechers U.S.A. stock traded down $0.27 on Friday, reaching $62.98. 7,925,479 shares of the company were exchanged, compared to its average volume of 4,741,216. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.28 and a current ratio of 2.13. The company's 50-day moving average is $62.75 and its two-hundred day moving average is $60.91. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 15.14 and a beta of 1.12. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group reaffirmed a "neutral" rating and set a $63.00 target price (down previously from $64.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Barclays reissued an "equal weight" rating and set a $63.00 price target (up from $53.00) on shares of Skechers U.S.A. in a research report on Tuesday, May 6th. Morgan Stanley reissued an "equal weight" rating and set a $63.00 price target (down from $73.00) on shares of Skechers U.S.A. in a research report on Wednesday, May 7th. Wall Street Zen began coverage on Skechers U.S.A. in a research report on Thursday, May 22nd. They set a "sell" rating on the stock. Finally, Needham & Company LLC reissued a "hold" rating on shares of Skechers U.S.A. in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Skechers U.S.A. currently has an average rating of "Hold" and an average price target of $66.75.

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.