Skechers USA, Inc. (NYSE: SKX)

Ivan Schwartz
October 21, 2017

Tower Research Cap Limited Company (Trc) has invested 0% in Skechers USA Inc (NYSE:SKX). In this case, shares are down -12.14% from $31.7, the 52-week high touched on Jun. 09, 2017, and are keeping their losses at 26.99% for the past 12 months. The shares were sold at an average price of $27.24, for a total transaction of $27,348.96. Cap Fund Management Sa owns 184,630 shares or 0.14% of their USA portfolio. Agrium Inc. (USA) (NYSE:AGU) has risen 5.50% since October 20, 2016 and is uptrending. Weiss Multi holds 238,645 shares or 0.3% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 4,594 shares or 0% of all its holdings. (NYSE:SKX) hold onto their early gains? Ameritas Inv Prns Inc reported 0.01% of its portfolio in Prothena Corporation PLC (NASDAQ:PRTA).

03/16/2017 - Skechers U.S.A., Inc. was downgraded to "hold" by analysts at Standpoint Research. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm. (NYSE:SKX) recently. General Counsel & Secretary Phillip Paccione disclosed the sale of 1,004 shares.

Skechers U.S.A., Inc. (NYSE:SKX) is another stock that is grabbing investors attention these days. The 5 months bullish chart indicates low risk for the $5.22 billion company. Wells Fargo & Co's target price would suggest a potential upside of 49.81% from the company's previous close. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. These shares are worth $27,349 and were traded at $27.24 each. Skechers USA Inc (NYSE:SKX) has declined 20.35% since October 20, 2016 and is downtrending. It has underperformed by 37.05% the S&P500.

Several analysts have released their opinion on Skechers U.S.A., Inc.

Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 76% are positive. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals.

Company shares last traded at $33.33 well above the 50 day moving average of $25.32 and which is impressively higher than the 200 day moving average of $26.40. The rating was maintained by Cowen & Co on Wednesday, September 20 with "Buy". Wedbush maintained it with "Outperform" rating and $81 target in Tuesday, August 4 report. Citigroup Inc. upped their price target on Skechers U.S.A. from $30.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, July 21st. The firm has "Buy" rating by BB&T Capital given on Friday, October 16.

Traders Scoop Up Cheap Honeywell Call Options Ahead Of Earnings
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . On September 22 Morgan Stanley held the company rating at "Overweight" and raised the price expectation to $149.00 from $145.00.

Nationals won't bring back Dusty Baker as manager after latest playoff failure
He is one of the true gentlemen in our sport, and we thank him for the successes that we enjoyed together over the last two years. The Nationals were 192-132 (.593) under the 68-year-old Baker, whose contract expired at the end of the 2017 season.

Lonzo Ball Starts NBA Career on a Lakers Bad Bounce
Ball , who was held out of the fourth quarter with the game out of hand, didn't have any problem with the way Beverley played him. Lonzo Ball getting off to a slow start is not something new. "They're going to come after him", Luke Walton said on Thursday.

Skechers U.S.A. (SKX)'s Williams Percent Range or 14 day Williams %R presently is at -2.88. Jpmorgan Chase And Co reported 0% in Skechers USA Inc (NYSE:SKX).

Although Skechers now carries a Zacks Rank #4 (Sell), it is subject to revision given the third-quarter performance. As per Friday, July 22, the company rating was downgraded by Monness Crespi & Hardt. Looking further out we can see that the stock has moved -12.49% over the past 12 weeks and 2.07% year to date.

Skechers U.S.A., 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. The company's market cap is $3.81 Billion, and the average volume is 2.21 Million. As the company continues to evolve the product line (Street is one of the latest noteworthy additions) and investment in global shows promise of increased sales and leverage, amid growing backlog and an exceptional company-owned retail store comp trend. It has a 8.76 P/E ratio.

Skechers added that increase in its company-owned retail business, which included sales growth of 9.5 percent in its domestic channel and a domestic comp store sales increase of 3.1 percent, came despite temporary store closures in Texas and Florida, and continued store closures in Puerto Rico due to the recent hurricanes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

Other reports by GizPress

Discuss This Article