Skechers U.S.A., Inc. (NYSE:SKX) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 81.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,579 shares of the textile maker's stock after selling 226,846 shares during the period. Rockefeller Capital Management L.P.'s holdings in Skechers U.S.A. were worth $3,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Skechers U.S.A. by 423.3% during the 3rd quarter. UMB Bank n.a. now owns 450 shares of the textile maker's stock worth $30,000 after purchasing an additional 364 shares during the period. Venturi Wealth Management LLC lifted its stake in Skechers U.S.A. by 52.9% in the third quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker's stock worth $58,000 after purchasing an additional 299 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Skechers U.S.A. during the third quarter valued at approximately $67,000. 1620 Investment Advisors Inc. bought a new position in shares of Skechers U.S.A. during the second quarter valued at approximately $69,000. Finally, Blue Trust Inc. grew its stake in shares of Skechers U.S.A. by 778.1% during the third quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock valued at $69,000 after buying an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 79.96% of the company's stock.

Skechers U.S.A. Stock Up 1.1 %

NYSE:SKX traded up $0.79 during trading hours on Friday, reaching $71.08. The company's stock had a trading volume of 2,709,771 shares, compared to its average volume of 1,889,470. The stock has a 50 day moving average price of $63.70 and a two-hundred day moving average price of $66.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.96. The company has a market capitalization of $10.73 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. Skechers U.S.A., Inc. has a 12 month low of $55.67 and a 12 month high of $75.09.

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

Analyst Ratings Changes

SKX has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Skechers U.S.A. from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Needham & Company LLC initiated coverage on shares of Skechers U.S.A. in a research note on Friday, November 22nd. They set a "hold" rating for the company. Barclays raised their price target on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Bank of America reduced their target price on shares of Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Two 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, Skechers U.S.A. currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.09.

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.