Skechers U.S.A. (NYSE:SKX).
Snow Capital Management Lp says it increased its position in Skechers U.S.A. by 252,919 shares in a 13F filing with the SEC. Its investment stood at $60,107,000 a decrease of 4.9% as of quarter end.
These firms have modified their investment in SKX. Raymond James & Associates downsized its stake by shedding 2,977 shares a decrease of 5.5% from 06/30/2017 to 09/30/2017. Raymond James & Associates claims 50,992 shares worth $1,279,000. The value of the position overall is down by 19.7%. Baird Financial Group, Inc. augmented its ownership by buying 6,982 shares an increase of 37.2%. Baird Financial Group, Inc. controls 25,728 shares with a value of $646,000. The total value of its holdings increased 16.8%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its holdings by buying 6 shares an increase of 0.0% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS owns 19,531 shares valued at $490,000. The value of the position overall is down by 14.9%.
November 3 investment analysts at Cowen and Company held the stock rating at “Buy” projecting a price of $38.00. On October 27 Cowen and Company maintained a company rating of “Buy” with a current price target of $35.00.
Morgan Stanley raised the price target on October 20 boosting the projection from $28.50 to $31.00 and issued a “Equal Weight” recommendation. Equity analyst Buckingham Research released a research note on SKX stating a rating of “Buy” and setting a price target of $36.00.
Equity analyst Wells Fargo & Company raised the price target of the stock on October 20 changing the price objective from $33.00 to $36.00 and stated a “Market Perform” rating. Cowen and Company issued a report on SKX with a rating of “Buy” and price target of $36.00.
The company is so far trading up by 0.93% since yesterday’s close of 32.3. The P/E ratio is 20.18 and the market cap of the company is 5.16B. As of the latest earnings report the EPS was $1.62 with 131.30M shares now outstanding.
Traders are a little more bearish on the company lately as inferred by the increase in short interest. The stock saw a rise in short interest of 7.66% between September 29, 2017 and October 13, 2017. Short shares increased 502,322 over that period. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares is 0.05% as of October 13.