Skechers U.S.A., Inc. (NYSE:SKX) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,402 shares of the textile maker's stock after acquiring an additional 5,980 shares during the period. GHP Investment Advisors Inc.'s holdings in Skechers U.S.A. were worth $1,499,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SKX. Raymond James Financial Inc. purchased a new stake in shares of Skechers U.S.A. during the 4th quarter worth about $12,852,000. Hudson Bay Capital Management LP acquired a new position in Skechers U.S.A. during the fourth quarter valued at approximately $5,804,000. Schroder Investment Management Group grew its stake in Skechers U.S.A. by 11.3% during the fourth quarter. Schroder Investment Management Group now owns 177,343 shares of the textile maker's stock worth $12,010,000 after buying an additional 18,024 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Skechers U.S.A. in the fourth quarter worth $1,110,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Skechers U.S.A. in the fourth quarter worth $17,589,000. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SKX. Barclays restated an "equal weight" rating and set a $63.00 target price (up previously from $53.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a research report on Tuesday, April 22nd. TD Cowen downgraded Skechers U.S.A. from a "buy" rating to a "hold" rating and set a $63.00 target price on the stock. in a report on Wednesday, May 28th. UBS Group reissued a "neutral" rating and set a $63.00 price target (down from $64.00) on shares of Skechers U.S.A. in a research report on Tuesday, May 6th. Finally, Evercore ISI decreased their price target on 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.69.

Skechers U.S.A. Stock Up 0.0%

Shares of Skechers U.S.A. stock traded up $0.02 on Thursday, hitting $62.85. 2,203,158 shares of the company's stock traded hands, compared to its average volume of 3,463,126. Skechers U.S.A., Inc. has a 52-week low of $44.50 and a 52-week high of $78.85. The company has a quick ratio of 1.28, a current ratio of 2.13 and a debt-to-equity ratio of 0.02. The stock has a market cap of $9.40 billion, a P/E ratio of 15.11 and a beta of 1.13. The firm's 50-day moving average is $58.81 and its 200 day moving average is $61.91.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.17. The firm had revenue of $2.41 billion for the quarter, compared to analysts' expectations of $2.43 billion. Skechers U.S.A. had a net margin of 6.96% and a return on equity of 13.34%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. Equities analysts anticipate that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current year.

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.