Skechers U.S.A., Inc. (NYSE:SKX) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its holdings in Skechers U.S.A., Inc. (NYSE:SKX) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,858 shares of the textile maker’s stock after selling 404 shares during the period. Banque Cantonale Vaudoise’s holdings in Skechers U.S.A. were worth $681,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SKX. Redmont Wealth Advisors LLC acquired a new position in Skechers U.S.A. in the 1st quarter valued at $25,000. Bessemer Group Inc. grew its stake in shares of Skechers U.S.A. by 66.7% during the 1st quarter. Bessemer Group Inc. now owns 410 shares of the textile maker’s stock valued at $25,000 after buying an additional 164 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Skechers U.S.A. during the 4th quarter valued at $36,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Skechers U.S.A. during the 1st quarter valued at $43,000. Finally, Versant Capital Management Inc grew its stake in shares of Skechers U.S.A. by 2,809.1% during the 2nd quarter. Versant Capital Management Inc now owns 640 shares of the textile maker’s stock valued at $44,000 after buying an additional 618 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wedbush boosted their price objective on shares of Skechers U.S.A. from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. TD Cowen boosted their price objective on shares of Skechers U.S.A. from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $82.00 price objective on shares of Skechers U.S.A. in a research note on Thursday, June 13th. Barclays boosted their price objective on shares of Skechers U.S.A. from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised shares of Skechers U.S.A. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research note on Tuesday, July 23rd. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $76.75.

Insider Activity

In other news, General Counsel Phillip Paccione sold 423 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $69.45, for a total value of $29,377.35. Following the sale, the general counsel now owns 35,000 shares in the company, valued at approximately $2,430,750. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 24.75% of the company’s stock.

Skechers U.S.A. Stock Down 0.0 %

Shares of Skechers U.S.A. stock opened at $68.48 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $66.02 and a 200 day moving average price of $64.72. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. Skechers U.S.A., Inc. has a twelve month low of $45.58 and a twelve month high of $75.09.

Skechers U.S.A. (NYSE:SKX) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Skechers U.S.A. had a net margin of 6.90% and a return on equity of 13.04%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities research analysts forecast that Skechers U.S.A., Inc. will post 4.17 earnings per share for the current fiscal year.

About Skechers U.S.A.

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.