4,637 Shares in Skechers U.S.A., Inc. $SKX Acquired by Aristides Capital LLC

Key Points

• Aristides Capital LLC has acquired 4,637 shares of Skechers U.S.A., Inc., valued at approximately $263,000, as part of their new position in the company during the first quarter.
• Several hedge funds, including and Carmignac Gestion, have increased their stakes in Skechers U.S.A., highlighting growing institutional interest.
• Skechers reported a 13.1% year-over-year increase in revenue during its latest quarter, with earnings per share of $1.13 exceeding estimates by $0.27.

Aristides Capital LLC acquired a new stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,637 shares of the textile maker's stock, valued at approximately $263,000.

Several other institutional investors have also bought and sold shares of SKX. Mariner LLC lifted its position in Skechers U.S.A. by 39.7% during the fourth quarter. Mariner LLC now owns 7,200 shares of the textile maker's stock valued at $484,000 after purchasing an additional 2,045 shares during the last quarter. NewEdge Advisors LLC lifted its position in Skechers U.S.A. by 85.2% during the fourth quarter. NewEdge Advisors LLC now owns 413 shares of the textile maker's stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Stifel Financial Corp lifted its position in Skechers U.S.A. by 0.6% during the fourth quarter. Stifel Financial Corp now owns 73,257 shares of the textile maker's stock valued at $4,926,000 after purchasing an additional 449 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Skechers U.S.A. during the fourth quarter valued at $291,000. Finally, Tudor Investment Corp ET AL lifted its position in Skechers U.S.A. by 604.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 103,692 shares of the textile maker's stock valued at $6,972,000 after purchasing an additional 88,968 shares during the last quarter. Institutional investors own 79.96% of the company's stock.

Skechers U.S.A. Trading Up 0.0%

NYSE:SKX traded up $0.02 during midday trading on Friday, hitting $63.10. The stock had a trading volume of 3,582,042 shares, compared to its average volume of 4,486,507. Skechers U.S.A., Inc. has a one year low of $44.50 and a one year high of $78.85. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 14.41 and a beta of 1.16. The stock has a 50-day moving average of $63.07 and a 200 day moving average of $59.53. The company has a quick ratio of 1.29, a current ratio of 2.09 and a debt-to-equity ratio of 0.02.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its earnings results on Friday, August 8th. The textile maker reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.27. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Skechers U.S.A. had a net margin of 7.07% and a return on equity of 13.44%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, sell-side analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen started coverage on shares of Skechers U.S.A. in a research report on Thursday, May 22nd. They set a "sell" rating for the company. Wells Fargo & Company raised their target price on shares of Skechers U.S.A. from $57.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Barclays restated an "equal weight" rating and issued a $63.00 target price (up previously from $53.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Monness Crespi & Hardt downgraded Skechers U.S.A. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Skechers U.S.A. in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $66.46.

Skechers U.S.A. Company 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.