Skechers USA Inc (SKX) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC grew its position in Skechers USA Inc (NYSE:SKX) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,970 shares of the textile maker’s stock after acquiring an additional 843 shares during the period. Mason Street Advisors LLC’s holdings in Skechers USA were worth $2,385,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SKX. Parkside Financial Bank & Trust boosted its stake in Skechers USA by 42.3% in the 4th 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 period. FNY Investment Advisers LLC acquired a new position in Skechers USA in the 1st quarter worth $33,000. Quantamental Technologies LLC acquired a new position in Skechers USA in the 1st quarter worth $49,000. Oregon Public Employees Retirement Fund lifted its position in Skechers USA by 2,192.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,233,771 shares of the textile maker’s stock worth $54,000 after buying an additional 1,179,958 shares in the last quarter. Finally, Ffcm LLC lifted its position in Skechers USA by 131.7% during the 4th quarter. Ffcm LLC now owns 4,506 shares of the textile maker’s stock worth $103,000 after buying an additional 2,561 shares in the last quarter. 75.77% of the stock is owned by institutional investors.

SKX stock opened at $29.36 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.91 and a quick ratio of 2.00. Skechers USA Inc has a one year low of $21.45 and a one year high of $35.66. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.02 and a beta of 0.57.



Skechers USA (NYSE:SKX) last released its quarterly earnings results on Thursday, April 18th. The textile maker reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Skechers USA had a return on equity of 13.56% and a net margin of 6.26%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $0.75 EPS. Skechers USA’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Skechers USA Inc will post 2.02 earnings per share for the current fiscal year.

In related news, CEO Robert Greenberg sold 50,420 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $34.09, for a total transaction of $1,718,817.80. Following the completion of the sale, the chief executive officer now directly owns 700,420 shares in the company, valued at approximately $23,877,317.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Phillip Paccione sold 9,693 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.17, for a total transaction of $302,130.81. Following the sale, the general counsel now owns 64,693 shares of the company’s stock, valued at $2,016,480.81. The disclosure for this sale can be found here. Insiders sold a total of 614,567 shares of company stock valued at $20,540,387 in the last ninety days. 28.08% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Skechers USA from a “c+” rating to a “b” rating in a report on Thursday, February 14th. B. Riley restated a “buy” rating on shares of Skechers USA in a research report on Friday, April 26th. Monness Crespi & Hardt restated a “buy” rating and set a $35.00 target price (up previously from $32.00) on shares of Skechers USA in a research report on Friday, February 8th. UBS Group increased their price target on shares of Skechers USA from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Finally, Standpoint Research lowered shares of Skechers USA from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.33.

TRADEMARK VIOLATION WARNING: This story was published by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://dakotafinancialnews.com/2019/05/23/skechers-usa-inc-skx-shares-bought-by-mason-street-advisors-llc.html.

Skechers USA Company Profile

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.

See Also: What is a short straddle?

Want to see what other hedge funds are holding SKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skechers USA Inc (NYSE:SKX).

Institutional Ownership by Quarter for Skechers USA (NYSE:SKX)

Receive News & Ratings for Skechers USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers USA and related companies with MarketBeat.com's FREE daily email newsletter.