Skechers U.S.A., Inc. (NYSE:SKX) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 752,067 shares of the textile maker's stock after acquiring an additional 49,734 shares during the period. Loomis Sayles & Co. L P owned approximately 0.50% of Skechers U.S.A. worth $50,328,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of Skechers U.S.A. by 66.7% during the 1st quarter. Bessemer Group Inc. now owns 410 shares of the textile maker's stock worth $25,000 after buying an additional 164 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Skechers U.S.A. by 8.7% during the 1st quarter. Tidal Investments LLC now owns 49,386 shares of the textile maker's stock worth $3,025,000 after purchasing an additional 3,960 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Skechers U.S.A. during the 1st quarter worth approximately $203,000. LRI Investments LLC purchased a new stake in Skechers U.S.A. in the 1st quarter valued at approximately $102,000. Finally, Cetera Advisors LLC purchased a new position in Skechers U.S.A. during the first quarter worth $600,000. 79.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SKX. Barclays upped their target price on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Needham & Company LLC assumed coverage on shares of Skechers U.S.A. in a research note on Friday. They set a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America decreased their price objective on Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, TD Cowen reduced their target price on Skechers U.S.A. from $78.00 to $76.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.09.

Skechers U.S.A. Trading Down 0.8 %

SKX traded down $0.52 during trading on Tuesday, hitting $62.96. 1,334,150 shares of the company's stock were exchanged, compared to its average volume of 1,879,092. The stock has a 50 day moving average price of $63.42 and a 200 day moving average price of $66.17. Skechers U.S.A., Inc. has a 1 year low of $55.51 and a 1 year high of $75.09. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01. The firm has a market cap of $9.51 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.23.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. Skechers U.S.A. had a return on equity of 13.71% and a net margin of 7.19%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, analysts expect that Skechers U.S.A., Inc. will post 4.25 EPS for the current fiscal year.

About Skechers U.S.A.

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.