Analysts take a look at Skechers USA Inc (NYSE:SKX) having this to say.

July 18, 2017 - By Maria Brooks

 Analysts take a look at Skechers USA Inc (NYSE:SKX) having this to say.
Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.10, from 0.92 in 2016Q3. It dived, as 47 investors sold Skechers USA Inc shares while 99 reduced holdings. 46 funds opened positions while 74 raised stakes. 95.79 million shares or 1.00% more from 94.84 million shares in 2016Q3 were reported.
Northwestern Mutual Wealth has 572 shares for 0% of their portfolio. Penn Davis Mcfarland holds 78,223 shares. Bluemountain Capital Management Limited Com invested in 0.03% or 56,893 shares. Moreover, Wellington Management Grp Ltd Liability Partnership has 0% invested in Skechers USA Inc (NYSE:SKX). Washington Tru Retail Bank holds 16 shares. Hartline Investment owns 26,181 shares. 1.09M were accumulated by Northern Trust. 17,020 are owned by Highland Capital Mgmt Ltd. 3,200 were reported by Advsrs Asset Management. Advantus Cap Mgmt owns 0.01% invested in Skechers USA Inc (NYSE:SKX) for 16,571 shares. Proshare Advsrs Limited Company has invested 0% of its portfolio in Skechers USA Inc (NYSE:SKX). Perkins Investment Mgmt Limited Liability Corp has invested 0.28% of its portfolio in Skechers USA Inc (NYSE:SKX). Delta Asset Mngmt Limited Liability Company Tn invested in 85 shares or 0% of the stock. Sii Invests Wi holds 13,367 shares or 0.02% of its portfolio. Buckingham Capital holds 0.96% in Skechers USA Inc (NYSE:SKX) or 295,000 shares.

Since March 2, 2017, it had 0 buys, and 6 sales for $2.27 million activity. WEINBERG DAVID had sold 24,188 shares worth $626,953 on Thursday, March 2. On Tuesday, March 28 Walsh Thomas sold $22,421 worth of Skechers USA Inc (NYSE:SKX) or 750 shares. NASON MARK A also sold $500,011 worth of Skechers USA Inc (NYSE:SKX) shares. Shares for $487,140 were sold by PACCIONE PHILLIP. Shares for $41,850 were sold by RAPPAPORT RICHARD.

Skechers USA Inc (NYSE:SKX) Ratings Coverage

Among 16 analysts covering Skechers Usa Inc. (NYSE:SKX), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Skechers Usa Inc. has $185 highest and $2.50 lowest target. $57.46’s average target is 100.42% above currents $28.67 stock price. Skechers Usa Inc. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, October 23, the company rating was maintained by Monness Crespi & Hardt. The rating was maintained by Monness Crespi & Hardt on Thursday, July 30 with “Buy”. The company was upgraded on Friday, December 23 by Monness Crespi & Hardt. As per Friday, October 16, the company rating was initiated by BB&T Capital. As per Thursday, June 1, the company rating was upgraded by Citigroup. The firm earned “Buy” rating on Sunday, September 6 by Sterne Agee CRT. B. Riley & Co maintained the stock with “Buy” rating in Friday, October 23 report. The stock of Skechers USA Inc (NYSE:SKX) earned “Outperform” rating by Cowen & Co on Friday, March 24. The firm has “Buy” rating given on Thursday, December 1 by Buckingham Research. The company was downgraded on Friday, August 28 by Vetr. Below is a list of Skechers USA Inc (NYSE:SKX) latest ratings and price target changes.

21/06/2017 Broker: Cowen & Co Rating: Buy Maintain
05/06/2017 Broker: Susquehanna Old Rating: Neutral New Rating: Positive Upgrade
01/06/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
24/04/2017 Broker: Cowen & Co Rating: Buy New Target: $35.00 Maintain
11/04/2017 Broker: Susquehanna Rating: New Target: $25.00 Maintain
30/03/2017 Broker: Citigroup Rating: Positive Old Target: $30.00 New Target: $25.00 Target Down
29/03/2017 Broker: Susquehanna Old Rating: Positive New Rating: Negative Old Target: $30.00 New Target: $25.00 Downgrade
24/03/2017 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Upgrade
16/03/2017 Broker: Standpoint Research Old Rating: Buy New Rating: Hold Downgrade
25/01/2017 Broker: Wedbush Rating: Neutral Old Target: $23.00 New Target: $25.00 Maintain

The stock decreased 0.35% or $0.1 on July 17, reaching $28.67. About shares traded. Skechers USA Inc (NYSE:SKX) has declined 20.35% since July 18, 2016 and is downtrending. It has underperformed by 37.05% 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 market cap of $4.53 billion. The Firm operates through three divisions: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. It has a 18.58 P/E ratio. The Company’s lifestyle brands include Skechers USA, Skechers Sport, Skechers Active and Skechers Sport Active, Skechers Originals, BOBS from Skechers and Mark Nason.

More news for Skechers USA Inc (NYSE:SKX) were recently published by: Businesswire.com, which released: “SKECHERS USA, Inc. to Report Second Quarter 2017 Financial Results on Thursday …” on July 13, 2017. Fool.com‘s article titled: “Why Skechers USA, Inc. Stock Popped 15.6% in June” and published on July 05, 2017 is yet another important article.

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