Loomis Sayles & Co. L P Has $36.14 Million Stake in Skechers U.S.A., Inc. (NYSE:SKX)

Loomis Sayles & Co. L P raised its holdings in Skechers U.S.A., Inc. (NYSE:SKX) by 7.0% in the first quarter, Holdings Channel reports. The fund owned 866,366 shares of the textile maker’s stock after acquiring an additional 56,712 shares during the period. Loomis Sayles & Co. L P’s holdings in Skechers U.S.A. were worth $36,136,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Carroll Financial Associates Inc. boosted its position in shares of Skechers U.S.A. by 14.5% during the first quarter. Carroll Financial Associates Inc. now owns 2,003 shares of the textile maker’s stock worth $83,000 after buying an additional 253 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Skechers U.S.A. by 0.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,614 shares of the textile maker’s stock worth $1,903,000 after acquiring an additional 338 shares in the last quarter. Quantbot Technologies LP raised its holdings in Skechers U.S.A. by 7.3% during the first quarter. Quantbot Technologies LP now owns 5,445 shares of the textile maker’s stock worth $227,000 after acquiring an additional 370 shares in the last quarter. Aurora Investment Counsel raised its holdings in Skechers U.S.A. by 1.4% during the first quarter. Aurora Investment Counsel now owns 30,750 shares of the textile maker’s stock worth $1,283,000 after acquiring an additional 438 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Skechers U.S.A. by 2.4% during the first quarter. Nisa Investment Advisors LLC now owns 21,000 shares of the textile maker’s stock worth $876,000 after acquiring an additional 500 shares in the last quarter. 81.68% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SKX opened at $50.26 on Thursday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 50.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 2.73. Skechers U.S.A., Inc. has a 12-month low of $28.03 and a 12-month high of $53.14. The stock’s fifty day moving average is $48.32.

Skechers U.S.A. (NYSE:SKX) last posted its quarterly earnings data on Thursday, April 22nd. The textile maker reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. Skechers U.S.A. had a return on equity of 5.66% and a net margin of 3.09%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Skechers U.S.A., Inc. will post 2.09 earnings per share for the current fiscal year.

SKX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Skechers U.S.A. from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Morgan Stanley upped their price objective on Skechers U.S.A. from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, July 16th. B. Riley upped their price objective on Skechers U.S.A. from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, April 20th. Cowen upped their price objective on Skechers U.S.A. from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, UBS Group upped their price objective on Skechers U.S.A. from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 23rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.78.

In other news, Director Jeffrey Greenberg sold 4,344 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $49.04, for a total value of $213,029.76. Following the completion of the sale, the director now directly owns 630 shares in the company, valued at approximately $30,895.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael Greenberg sold 2,064 shares of the firm’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $48.65, for a total value of $100,413.60. Following the completion of the sale, the president now owns 282,413 shares of the company’s stock, valued at $13,739,392.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,408 shares of company stock valued at $1,820,813. Corporate insiders own 25.92% of the company’s stock.

About Skechers U.S.A.

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids.

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Institutional Ownership by Quarter for Skechers U.S.A. (NYSE:SKX)

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