Skechers U.S.A. (SKX) News Today

Letko Brosseau & Associates Inc. lessened its stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 712,000 shares of the textile maker's stock after s

Skechers and Lincoln Educational Services are two consumer discretionary companies poised for gains if the Fed cuts interest rates in September.

Shares of Skechers U.S.A., Inc. (NYSE:SKX - Get Free Report) have been assigned a consensus rating of "Buy" from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy rating. The average 12-month target p

Natixis Advisors LLC cut its holdings in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 207,351 shares of the textile maker's stock after selling 1

Aptus Capital Advisors LLC lessened its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 25.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,328 shares of the textile maker's stock after selling 10,756 shares during t

Birkenstock's shares went down hard as the priced-for-perfection stock failed to live up to expectations. However, long-term opportunity remains.

Bank of New York Mellon Corp lessened its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,520,561 shares of the textile maker's stock after selling 23,647 shares durin

Wealth Enhancement Advisory Services LLC acquired a new position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,853 shares of the textile maker's

Retirement Systems of Alabama cut its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,408 shares of the textile maker's stock after selling 4,355 share

Nisa Investment Advisors LLC raised its stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 51.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,804 shares of the textile maker's stock after purchasi

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 69.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,249 s

Vista Investment Partners LLC acquired a new position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,384 shares of the textile maker's stock, valued at approximately $925,000. Other insti

Assenagon Asset Management S.A. grew its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 36.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 193,363 shares of the textile maker's stock after acquiring an additional 51,673

Casual footwear maker Crocs Inc. (NASDAQ: CROX) reported solid Q2 2024 results, but shares initially sold off. Crocs stock is trading at 10.39x forward earnings

SG Americas Securities LLC lifted its holdings in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 161.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,056 shares of the textile maker's stock after ac

Shares of Skechers U.S.A., Inc. (NYSE:SKX - Get Free Report) have received a consensus recommendation of "Buy" from the twelve brokerages that are presently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a buy rating. The average 12-month target price am

Harbor Capital Advisors Inc. acquired a new stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 26,233 shares of the textile maker's stock, valued at approximately $1,813,000. Several

First Hawaiian Bank acquired a new stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,739 shares of the textile maker's stock, valued at appr

Hancock Whitney Corp reduced its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 96.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,299 shares of the textile maker's stock after se

Paloma Partners Management Co boosted its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 300.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the textile maker's stock a

Magnetar Financial LLC acquired 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,291 shares of the textile maker

Skechers U.S.A. (NYSE:SKX - Get Free Report) issued its quarterly earnings data on Thursday. The textile maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.03). Skechers U.S.A. had a return on equity of 13.56% and a net margin of 7.17%. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period last year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 7.3% compared to the same quarter last year.

Evercore ISI boosted their price target on shares of Skechers U.S.A. from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday.

Skechers U.S.A. (NYSE:SKX) Sees Large Volume Increase on Analyst Upgrade

Skechers is looking to stand out in the middle of a bearish selloff in footwear and apparel names like Nike and Lululemon, analysts call for double-digit upside