Two Sigma Advisers LP Has $15.05 Million Stock Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Two Sigma Advisers LP trimmed its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 224,900 shares of the textile maker's stock after selling 63,600 shares during the period. Two Sigma Advisers LP owned 0.15% of Skechers U.S.A. worth $15,050,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SKX. UMB Bank n.a. grew its holdings in shares of Skechers U.S.A. by 423.3% during the third quarter. UMB Bank n.a. now owns 450 shares of the textile maker's stock valued at $30,000 after buying an additional 364 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Skechers U.S.A. by 52.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker's stock worth $58,000 after buying an additional 299 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Skechers U.S.A. during the 3rd quarter valued at $67,000. 1620 Investment Advisors Inc. purchased a new position in shares of Skechers U.S.A. during the 2nd quarter valued at $69,000. Finally, Blue Trust Inc. increased its stake in shares of Skechers U.S.A. by 778.1% in the third quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $69,000 after acquiring an additional 887 shares during the last quarter. 79.96% of the stock is owned by institutional investors and hedge funds.

Skechers U.S.A. Stock Performance

Shares of SKX traded up $0.95 during mid-day trading on Monday, hitting $72.00. The company's stock had a trading volume of 2,400,599 shares, compared to its average volume of 1,891,627. The stock's 50-day moving average is $63.70 and its two-hundred day moving average is $66.10. The firm has a market capitalization of $10.87 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.96. Skechers U.S.A., Inc. has a one year low of $55.67 and a one year high of $75.09.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SKX. Deutsche Bank Aktiengesellschaft lifted their price objective on 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. Needham & Company LLC started coverage on Skechers U.S.A. in a research note on Friday, November 22nd. They issued a "hold" rating for the company. TD Cowen dropped their price objective on Skechers U.S.A. from $78.00 to $76.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Barclays lifted 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 research note on Friday, October 25th. Finally, Bank of America decreased their target price on shares of Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Skechers U.S.A. presently has an average rating of "Moderate Buy" and an average target price of $78.09.

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.