November 29, 2016 - By Louis Casey
1,500 shares of Skechers Usa Inc were unloaded by Thomas Walsh, the firm’s director. Thomas Walsh’s shares are valued at nearly $33,953 which has been calculated on the basis of the average transactions stock price ($22.6 for share). Currently, Thomas Walsh owns 11,500 shares which make up roughly 0.01% of the Company’s market cap (total dollar market value of all company’s outstanding shares).
Out of 14 analysts covering Skechers Usa Inc. (NYSE:SKX), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $185 is the highest target while $2.50 is the lowest. The $58.99 average target is 166.20% above today’s ($22.16) stock price. Skechers Usa Inc. has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, September 21. As per Friday, August 28, the company rating was downgraded by Vetr. The stock of Skechers USA Inc (NYSE:SKX) has “Buy” rating given on Friday, October 23 by Monness Crespi & Hardt. Susquehanna downgraded Skechers USA Inc (NYSE:SKX) on Friday, January 22 to “Neutral” rating. The company was maintained on Thursday, July 30 by B. Riley & Co. The firm has “Buy” rating by Monness Crespi & Hardt given on Thursday, July 30. Buckingham Research downgraded the stock to “Neutral” rating in Friday, October 23 report. The firm earned “Neutral” rating on Thursday, November 3 by B. Riley & Co. The firm has “Outperform” rating by Macquarie Research given on Thursday, April 7. The rating was initiated by Standpoint Research with “Buy” on Monday, October 3.
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.19, from 1.11 in 2016Q1. The ratio fall, as 62 funds sold all Skechers USA Inc shares owned while 93 reduced positions. 60 funds bought stakes while 112 increased positions. They now own 102.59 million shares or 3.66% less from 106.49 million shares in 2016Q1.
Architects Inc reported 104 shares or 0% of all its holdings. Regent Management Lc accumulated 0.14% or 8,800 shares. Northern Trust Corp last reported 1.01 million shares in the company. Pioneer Mgmt Inc accumulated 275,555 shares or 0.03% of the stock. The New York-based Arrow Financial has invested 0.15% in Skechers USA Inc (NYSE:SKX). Walleye Trading Ltd Liability Co holds 0.01% or 47,696 shares in its portfolio. Venator holds 3.45% of its portfolio in Skechers USA Inc (NYSE:SKX) for 137,800 shares. Profund holds 0.02% of its portfolio in Skechers USA Inc (NYSE:SKX) for 15,772 shares. Cibc Ww Markets last reported 0% of its portfolio in the stock. Sg Americas Secs Limited Liability Corp has 0.01% invested in the company for 56,958 shares. Blackrock Group Limited accumulated 126,858 shares or 0% of the stock. The New York-based American Incorporated has invested 0% in Skechers USA Inc (NYSE:SKX). Timber Hill has invested 0% of its portfolio in Skechers USA Inc (NYSE:SKX). Cantab Cap Llp holds 0% of its portfolio in Skechers USA Inc (NYSE:SKX) for 9,800 shares. Axa last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 3 sales for $3.42 million net activity. GREENBERG JEFFREY had sold 10,000 shares worth $301,519. 150,000 shares with value of $3.09M were sold by GREENBERG MICHAEL on Wednesday, November 2. The insider PACCIONE PHILLIP sold $33,509.
About 2.35 million shares traded hands. Skechers USA Inc (NYSE:SKX) has declined 33.99% since April 25, 2016 and is downtrending. It has underperformed by 40.00% the S&P500.
Skechers U.S.A., Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The company has a market cap of $3.43 billion. The Firm operates through three divisions: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. It has a 12.96 P/E ratio. The Company’s brands are sold through department and specialty stores, athletic and independent retailers, boutiques and Internet retailers.
According to Zacks Investment Research, “Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. The company sells its products to department stores such as Nordstrom, Macy’s, Dillards, Robinson’s-May and JC Penney and specialty retailers such as Genesco’s Journeys and Jarman chains, The Venator Group’s Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.”
More recent Skechers USA Inc (NYSE:SKX) news were published by: Fool.com which released: “Better Buy: Nike Inc. or Skechers USA Inc?” on October 13, 2016. Also Fool.com published the news titled: “Why Skechers USA Inc. Shares Stumbled Today” on July 22, 2016. Fool.com‘s news article titled: “Why Now Is the Right Time to Buy Skechers USA Inc” with publication date: September 24, 2016 was also an interesting one.
Skechers U.S.A., Inc., incorporated on May 28, 1998, is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Firm operates through three divisions: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. The Company’s brands are sold through department and specialty stores, athletic and independent retailers, boutiques and Internet retailers. In addition to wholesale distribution, the Company’s footwear is available at its e-commerce site and its own retail stores. The Firm operates approximately 120 concept stores, over 160 factory outlet stores and over 120 warehouse outlet stores in the United States, and approximately 80 concept stores, over 40 factory outlet stores, and over five warehouse outlet stores internationally.
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By Louis Casey