Friess Associates LLC Has Upped Position in Skechers U.S.A. INC (SKX) by $10.63 Million

June 14, 2018 - By Marie Mckinney

Skechers U.S.A., Inc. (NYSE:SKX) LogoInvestors sentiment decreased to 1.08 in 2018 Q1. Its down 0.26, from 1.34 in 2017Q4. It dived, as 30 investors sold SKX shares while 99 reduced holdings. 58 funds opened positions while 81 raised stakes. 108.75 million shares or 1.56% less from 110.47 million shares in 2017Q4 were reported. 31,716 are owned by Thrivent Financial For Lutherans. Moreover, Engineers Gate Manager Lp has 0.35% invested in Skechers U.S.A., Inc. (NYSE:SKX). Northern Tru Corporation reported 0.01% stake. Credit Suisse Ag holds 0.02% or 535,430 shares. Arrowstreet Cap Partnership stated it has 453,969 shares. Stratos Wealth Prtn Limited reported 1,692 shares stake. California Public Employees Retirement System accumulated 243,150 shares. Northwestern Mutual Wealth Mgmt invested in 0% or 983 shares. Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 37,490 shares. Legal & General Grp Public Ltd Co reported 179,122 shares stake. Nomura Holdings holds 218,568 shares or 0.01% of its portfolio. Eam Limited Liability, a California-based fund reported 71,720 shares. Buckingham Cap accumulated 9,995 shares. Timpani Capital Mgmt Ltd Liability holds 60,518 shares or 0.82% of its portfolio. Michigan-based World Asset Mgmt has invested 0.01% in Skechers U.S.A., Inc. (NYSE:SKX).

Since February 28, 2018, it had 0 insider purchases, and 6 selling transactions for $4.51 million activity. $1.53M worth of Skechers U.S.A., Inc. (NYSE:SKX) shares were sold by GREENBERG ROBERT. Another trade for 156 shares valued at $6,552 was sold by NASON MARK A. $663,113 worth of Skechers U.S.A., Inc. (NYSE:SKX) was sold by PACCIONE PHILLIP.

Friess Associates Llc increased its stake in Skechers U.S.A. Inc. (SKX) by 244.24% based on its latest 2018Q1 regulatory filing with the SEC. Friess Associates Llc bought 279,651 shares as the company’s stock declined 24.60% with the market. The institutional investor held 394,151 shares of the consumer non-durables company at the end of 2018Q1, valued at $15.33 million, up from 114,500 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Skechers U.S.A. Inc. for a number of months, seems to be bullish on the $4.64 billion market cap company. The stock increased 0.56% or $0.16 during the last trading session, reaching $28.98. About 1.65 million shares traded. Skechers U.S.A., Inc. (NYSE:SKX) has risen 27.58% since June 14, 2017 and is uptrending. It has outperformed by 15.01% the S&P500.

Friess Associates Llc, which manages about $1.34B and $1.22 billion US Long portfolio, decreased its stake in Tabula Rasa Healthcare Inc. by 246,102 shares to 48,966 shares, valued at $1.90 million in 2018Q1, according to the filing. It also reduced its holding in Gms Inc. by 159,557 shares in the quarter, leaving it with 134,276 shares, and cut its stake in Teladoc Inc..

More notable recent Skechers U.S.A., Inc. (NYSE:SKX) news were published by: Businesswire.com which released: “SKECHERS Named Men’s and Kids’ Brand of the Year at the Drapers Footwear Awards” on June 11, 2018, also Investorplace.com with their article: “20 Long-Term Value Stocks With Hulking Upside” published on June 14, 2018, Investorplace.com published: “3 Low P/E Stocks to Buy as Inflation Protection” on June 11, 2018. More interesting news about Skechers U.S.A., Inc. (NYSE:SKX) were released by: Streetinsider.com and their article: “3 Data Points You Need to Know This Week (SHOO) (SKX) (WWW)” published on June 12, 2018 as well as Benzinga.com‘s news article titled: “Skechers Accuses Adidas Of Blocking Entry To Basketball Market In Federal Lawsuit” with publication date: May 18, 2018.

Skechers U.S.A., Inc. (NYSE:SKX) Ratings Coverage

Among 8 analysts covering Skechers USA (NYSE:SKX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Skechers USA had 14 analyst reports since December 15, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 8 by Cowen & Co. The stock of Skechers U.S.A., Inc. (NYSE:SKX) has “Buy” rating given on Tuesday, January 9 by Susquehanna. Wedbush maintained it with “Buy” rating and $45.0 target in Wednesday, January 3 report. The company was maintained on Friday, February 9 by Citigroup. Cowen & Co maintained it with “Buy” rating and $4100 target in Thursday, April 19 report. The firm has “Buy” rating by B. Riley & Co given on Tuesday, February 6. The firm earned “Neutral” rating on Friday, June 8 by Wedbush. The firm earned “Buy” rating on Wednesday, April 18 by Buckingham Research. On Friday, April 20 the stock rating was downgraded by Wedbush to “Neutral”. The stock of Skechers U.S.A., Inc. (NYSE:SKX) earned “Buy” rating by Susquehanna on Friday, April 13.

Skechers U.S.A., Inc. (NYSE:SKX) Institutional Positions Chart

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