Great West Life Assurance Co. Can Has $1.94 Million Holdings in Skechers USA Inc (SKX)

Great West Life Assurance Co. Can lessened its stake in Skechers USA Inc (NYSE:SKX) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,483 shares of the textile maker’s stock after selling 1,827 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Skechers USA were worth $1,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kennedy Capital Management Inc. raised its position in shares of Skechers USA by 20.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 643,198 shares of the textile maker’s stock valued at $18,974,000 after purchasing an additional 109,441 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Skechers USA by 94.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 58,963 shares of the textile maker’s stock valued at $1,739,000 after purchasing an additional 28,646 shares in the last quarter. Aristotle Fund L.P. raised its position in shares of Skechers USA by 8.2% in the 2nd quarter. Aristotle Fund L.P. now owns 519,700 shares of the textile maker’s stock valued at $15,331,000 after purchasing an additional 39,200 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Skechers USA by 17.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 102,030 shares of the textile maker’s stock valued at $3,010,000 after purchasing an additional 15,284 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Skechers USA by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 568,669 shares of the textile maker’s stock valued at $16,776,000 after purchasing an additional 20,829 shares in the last quarter. 70.13% of the stock is currently owned by institutional investors.

In other Skechers USA news, Director Jeffrey Greenberg sold 180,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Siskind sold 25,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $33.40, for a total value of $851,700.00. The disclosure for this sale can be found here. Insiders sold 461,250 shares of company stock worth $14,955,008 over the last ninety days. 21.73% of the stock is owned by corporate insiders.

Shares of Skechers USA Inc (SKX) opened at $38.13 on Monday. Skechers USA Inc has a 52-week low of $22.31 and a 52-week high of $38.41. The company has a quick ratio of 2.30, a current ratio of 3.46 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6,042.46, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.15.

Skechers USA (NYSE:SKX) last issued its earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.16. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. equities analysts anticipate that Skechers USA Inc will post 1.7 EPS for the current fiscal year.

A number of equities analysts have issued reports on SKX shares. BidaskClub lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Buckingham Research reaffirmed a “buy” rating and issued a $32.00 target price (down from $34.00) on shares of Skechers USA in a research report on Monday, September 25th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $34.00 target price on shares of Skechers USA in a research report on Tuesday, October 10th. Finally, Wedbush raised Skechers USA from a “neutral” rating to an “outperform” rating and upped their target price for the company from $24.03 to $35.00 in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Skechers USA currently has a consensus rating of “Hold” and a consensus target price of $36.80.

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Skechers USA Profile

Skechers U.SA, 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 operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

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Institutional Ownership by Quarter for Skechers USA (NYSE:SKX)

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