Captrust Financial Advisors Has $346,000 Position in Skechers U.S.A., Inc. (NYSE:SKX)

Captrust Financial Advisors lessened its position in Skechers U.S.A., Inc. (NYSE:SKX) by 15.3% during the third quarter, Holdings Channel reports. The institutional investor owned 5,163 shares of the textile maker’s stock after selling 934 shares during the quarter. Captrust Financial Advisors’ holdings in Skechers U.S.A. were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKX. CIBC Asset Management Inc grew its stake in shares of Skechers U.S.A. by 4.7% during the 2nd quarter. CIBC Asset Management Inc now owns 3,820 shares of the textile maker’s stock worth $264,000 after acquiring an additional 173 shares in the last quarter. Lindenwold Advisors INC increased its stake in Skechers U.S.A. by 3.0% in the 3rd quarter. Lindenwold Advisors INC now owns 6,663 shares of the textile maker’s stock valued at $446,000 after buying an additional 195 shares during the last quarter. X Square Capital LLC increased its stake in Skechers U.S.A. by 0.5% in the 2nd quarter. X Square Capital LLC now owns 40,903 shares of the textile maker’s stock valued at $2,827,000 after buying an additional 215 shares during the last quarter. Covestor Ltd boosted its stake in shares of Skechers U.S.A. by 18.8% during the 3rd quarter. Covestor Ltd now owns 1,678 shares of the textile maker’s stock worth $112,000 after buying an additional 265 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Skechers U.S.A. by 2.6% during the 3rd quarter. QRG Capital Management Inc. now owns 11,157 shares of the textile maker’s stock worth $747,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.

Skechers U.S.A. Trading Up 0.4 %

Shares of SKX stock opened at $70.35 on Friday. Skechers U.S.A., Inc. has a 12-month low of $55.67 and a 12-month high of $75.09. The company has a market capitalization of $10.62 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. The firm has a 50 day moving average price of $64.07 and a two-hundred day moving average price of $66.21. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Skechers U.S.A. had a return on equity of 13.71% and a net margin of 7.19%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. As a group, analysts predict that Skechers U.S.A., Inc. will post 4.24 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays increased their price target on Skechers U.S.A. from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Piper Sandler began coverage on shares of Skechers U.S.A. in a research report on Tuesday. They set a “neutral” rating and a $65.00 price target on the stock. TD Cowen decreased their price objective on shares of Skechers U.S.A. from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Needham & Company LLC started coverage on shares of Skechers U.S.A. in a report on Friday, November 22nd. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

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.