Nisa Investment Advisors LLC maintained its position in Skechers U.S.A., Inc. (NYSE:SKX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,100 shares of the textile maker’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Skechers U.S.A. were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC raised its position in Skechers U.S.A. by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 23,053 shares of the textile maker’s stock worth $633,000 after buying an additional 75 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its position in Skechers U.S.A. by 0.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 32,100 shares of the textile maker’s stock worth $881,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems raised its position in Skechers U.S.A. by 0.4% in the first quarter. Utah Retirement Systems now owns 23,700 shares of the textile maker’s stock worth $651,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc raised its position in Skechers U.S.A. by 2.0% in the first quarter. IFP Advisors Inc now owns 7,409 shares of the textile maker’s stock worth $203,000 after buying an additional 147 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Skechers U.S.A. by 0.9% in the first quarter. Capstone Asset Management Co. now owns 18,446 shares of the textile maker’s stock worth $506,000 after buying an additional 160 shares in the last quarter. 65.11% of the stock is owned by hedge funds and other institutional investors.

Skechers U.S.A., Inc. (SKX) traded up 0.63% on Wednesday, hitting $28.87. 716,613 shares of the stock were exchanged. Skechers U.S.A., Inc. has a one year low of $18.81 and a one year high of $30.00. The company has a 50 day moving average of $28.40 and a 200 day moving average of $26.37. The stock has a market capitalization of $4.49 billion, a P/E ratio of 20.02 and a beta of 0.18.

Skechers U.S.A. (NYSE:SKX) last posted its quarterly earnings results on Thursday, July 20th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $966.46 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast that Skechers U.S.A., Inc. will post $1.57 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on the stock. UBS AG raised shares of Skechers U.S.A. from a “neutral” rating to a “positive” rating in a research note on Monday, June 5th. B. Riley raised shares of Skechers U.S.A. from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, April 21st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Skechers U.S.A. in a research note on Monday, April 24th. Vetr raised shares of Skechers U.S.A. from a “hold” rating to a “buy” rating and set a $26.28 price objective for the company in a research note on Wednesday, April 12th. Finally, Zacks Investment Research lowered shares of Skechers U.S.A. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.10.

In other Skechers U.S.A. news, Director Richard Rappaport sold 1,500 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $28.38, for a total transaction of $42,570.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $567,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 38.20% of the company’s stock.

Skechers U.S.A. Company 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 U.S.A. (NYSE:SKX)

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