Skechers U.S.A., Inc. (NYSE:SKX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,316,882 shares of the textile maker's stock after buying an additional 17,429 shares during the period. Charles Schwab Investment Management Inc. owned about 0.87% of Skechers U.S.A. worth $88,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Skechers U.S.A. by 5,780.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,639,390 shares of the textile maker's stock valued at $176,628,000 after acquiring an additional 2,594,507 shares in the last quarter. Commerce Bank lifted its stake in shares of Skechers U.S.A. by 949.5% during the third quarter. Commerce Bank now owns 467,774 shares of the textile maker's stock worth $31,303,000 after purchasing an additional 423,204 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Skechers U.S.A. by 378.6% in the third quarter. Coronation Fund Managers Ltd. now owns 498,837 shares of the textile maker's stock worth $33,382,000 after buying an additional 394,618 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Skechers U.S.A. in the second quarter valued at about $22,425,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Skechers U.S.A. by 646.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 323,321 shares of the textile maker's stock valued at $22,348,000 after buying an additional 280,000 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Skechers U.S.A. Stock Up 1.2 %

NYSE SKX traded up $0.75 on Thursday, hitting $63.71. 1,419,321 shares of the stock traded hands, compared to its average volume of 1,877,119. 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 stock has a 50-day moving average of $63.38 and a 200 day moving average of $66.14. Skechers U.S.A., Inc. has a twelve month low of $55.67 and a twelve month high of $75.09. The company has a market capitalization of $9.62 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.88 and a beta of 1.23.

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, beating the consensus estimate of $1.15 by $0.11. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Skechers U.S.A. had a return on equity of 13.71% and a net margin of 7.19%. The business's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. As a group, analysts expect that Skechers U.S.A., Inc. will post 4.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SKX shares. TD Cowen decreased their price target on Skechers U.S.A. from $78.00 to $76.00 and set a "buy" rating for the company in a report on Monday, October 14th. StockNews.com downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a research note on Monday. Needham & Company LLC began coverage on shares of Skechers U.S.A. in a report on Friday, November 22nd. They set a "hold" rating for the company. Bank of America cut their price objective on shares of 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, Deutsche Bank Aktiengesellschaft raised their target price on Skechers U.S.A. from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Skechers U.S.A. has an average rating of "Moderate Buy" and a consensus 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.