Skechers USA Inc (NYSE:SKX) gapped up prior to trading on Monday . The stock had previously closed at $31.22, but opened at $31.91. Skechers USA shares last traded at $32.53, with a volume of 117375 shares.

A number of research firms have commented on SKX. Zacks Investment Research cut shares of Skechers USA from a “buy” rating to a “hold” rating in a report on Monday, December 10th. Monness Crespi & Hardt restated a “buy” rating and issued a $35.00 price target (up from $32.00) on shares of Skechers USA in a report on Friday. Finally, Morgan Stanley set a $29.00 price target on shares of Skechers USA and gave the stock a “hold” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.95.

The firm has a market cap of $5.04 billion, a PE ratio of 17.04, a PEG ratio of 2.36 and a beta of 0.62. The company has a current ratio of 2.91, a quick ratio of 1.89 and a debt-to-equity ratio of 0.04.

Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Skechers USA had a net margin of 6.49% and a return on equity of 14.08%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, equities research analysts expect that Skechers USA Inc will post 1.93 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in Skechers USA by 42.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,423 shares of the textile maker’s stock worth $33,000 after purchasing an additional 423 shares during the last quarter. Ffcm LLC boosted its holdings in Skechers USA by 131.7% during the fourth quarter. Ffcm LLC now owns 4,506 shares of the textile maker’s stock worth $103,000 after purchasing an additional 2,561 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Skechers USA during the third quarter worth about $139,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Skechers USA by 68.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,002 shares of the textile maker’s stock worth $114,000 after purchasing an additional 2,035 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its holdings in Skechers USA by 92.2% during the third quarter. NuWave Investment Management LLC now owns 5,011 shares of the textile maker’s stock worth $140,000 after purchasing an additional 2,404 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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About Skechers USA (NYSE:SKX)

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.

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