Swiss National Bank held its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 220,600 shares of the textile maker’s stock at the close of the second quarter. Swiss National Bank owned 0.14% of Skechers U.S.A. worth $6,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SKX. Russell Investments Group Ltd. increased its holdings in shares of Skechers U.S.A. by 143.6% during the first quarter. Russell Investments Group Ltd. now owns 181,142 shares of the textile maker’s stock worth $4,973,000 after purchasing an additional 106,780 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Skechers U.S.A. by 124.9% during the first quarter. Canada Pension Plan Investment Board now owns 99,400 shares of the textile maker’s stock worth $2,729,000 after purchasing an additional 55,200 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Skechers U.S.A. by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 79,807 shares of the textile maker’s stock worth $2,190,000 after purchasing an additional 3,036 shares during the period. First Trust Advisors LP increased its holdings in shares of Skechers U.S.A. by 43.5% during the first quarter. First Trust Advisors LP now owns 182,607 shares of the textile maker’s stock worth $5,013,000 after purchasing an additional 55,396 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Skechers U.S.A. by 94.9% during the first quarter. US Bancorp DE now owns 3,895 shares of the textile maker’s stock worth $107,000 after purchasing an additional 1,897 shares during the period. 70.52% of the stock is currently owned by institutional investors.

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SKX has been the topic of several recent research reports. Vetr raised shares of Skechers U.S.A. from a “hold” rating to a “buy” rating and set a $32.12 target price on the stock in a report on Monday, July 10th. Wedbush reissued a “neutral” rating on shares of Skechers U.S.A. in a research note on Monday, July 24th. OTR Global raised shares of Skechers U.S.A. from a “mixed” rating to a “positive” rating in a research note on Tuesday, July 18th. Susquehanna Bancshares Inc raised shares of Skechers U.S.A. from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $25.00 to $32.00 in a research note on Monday, June 5th. Finally, BidaskClub cut shares of Skechers U.S.A. from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Skechers U.S.A. presently has an average rating of “Buy” and an average target price of $31.10.

In other news, Director Richard Rappaport sold 1,500 shares of the business’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 completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $567,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Phillip Paccione sold 1,004 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $27.24, for a total transaction of $27,348.96. The disclosure for this sale can be found here. 38.20% of the stock is currently owned by insiders.

Shares of Skechers U.S.A., Inc. (SKX) opened at 26.39 on Monday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 18.30 and a beta of 0.18. Skechers U.S.A., Inc. has a 12 month low of $18.81 and a 12 month high of $30.00. The firm has a 50-day moving average of $27.22 and a 200-day moving average of $26.75.

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

About Skechers U.S.A.

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.

Institutional Ownership by Quarter for Skechers U.S.A. (NYSE:SKX)

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