Skechers U.S.A., Inc. $SKX Shares Acquired by Dean Capital Management

Dean Capital Management grew its holdings in Skechers U.S.A., Inc. (NYSE:SKX) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,352 shares of the textile maker’s stock after purchasing an additional 404 shares during the period. Dean Capital Management’s holdings in Skechers U.S.A. were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in shares of Skechers U.S.A. in the 4th quarter valued at $32,000. Banque Transatlantique SA acquired a new position in shares of Skechers U.S.A. in the 1st quarter valued at $26,000. Parallel Advisors LLC lifted its stake in shares of Skechers U.S.A. by 183.0% in the 1st quarter. Parallel Advisors LLC now owns 617 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 399 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Skechers U.S.A. in the 1st quarter valued at $35,000. Finally, Abound Financial LLC acquired a new position in shares of Skechers U.S.A. in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 79.96% of the company’s stock.

Analyst Ratings Changes

SKX has been the topic of several recent analyst reports. TD Cowen lowered Skechers U.S.A. from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a research note on Wednesday, May 28th. Zacks Research upgraded Skechers U.S.A. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Skechers U.S.A. to a “hold” rating in a report on Saturday, August 30th. Needham & Company LLC reiterated a “hold” rating on shares of Skechers U.S.A. in a report on Wednesday, August 27th. Finally, Argus downgraded Skechers U.S.A. from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.46.

Skechers U.S.A. Price Performance

Shares of NYSE SKX opened at $63.24 on Wednesday. The stock’s 50-day moving average is $63.11 and its two-hundred day moving average is $59.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.09 and a quick ratio of 1.29. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 14.44 and a beta of 1.19.

Skechers U.S.A. (NYSE:SKX) last issued its quarterly earnings results on Friday, August 8th. The textile maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. Skechers U.S.A. had a return on equity of 13.44% and a net margin of 7.07%.The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $0.91 EPS. Skechers U.S.A.’s revenue was up 13.1% on a year-over-year basis. Analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

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.