Worth Venture Partners LLC raised its holdings in Skechers USA Inc (NYSE:SKX) by 153.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,900 shares of the textile maker’s stock after purchasing an additional 29,000 shares during the period. Skechers USA accounts for approximately 2.3% of Worth Venture Partners LLC’s portfolio, making the stock its 15th largest holding. Worth Venture Partners LLC’s holdings in Skechers USA were worth $1,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quantitative Systematic Strategies LLC acquired a new position in shares of Skechers USA in the fourth quarter valued at approximately $277,000. Parametrica Management Ltd acquired a new position in shares of Skechers USA in the fourth quarter valued at approximately $270,000. Algert Global LLC raised its position in shares of Skechers USA by 356.2% in the fourth quarter. Algert Global LLC now owns 97,134 shares of the textile maker’s stock valued at $3,676,000 after buying an additional 75,844 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Skechers USA by 51.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,952 shares of the textile maker’s stock valued at $263,000 after buying an additional 2,358 shares during the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of Skechers USA in the fourth quarter valued at approximately $203,000. 70.50% of the stock is currently owned by institutional investors.

In related news, Director Thomas Walsh sold 750 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.81, for a total transaction of $26,107.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Morton D. Erlich sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 22nd. The stock was sold at an average price of $33.66, for a total transaction of $134,640.00. Following the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $403,920. The disclosure for this sale can be found here. Insiders have sold 580,750 shares of company stock valued at $21,665,988 in the last ninety days. 21.73% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on SKX shares. Zacks Investment Research lowered shares of Skechers USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Susquehanna Bancshares reissued a “buy” rating and issued a $34.00 price objective on shares of Skechers USA in a research report on Tuesday, October 10th. Wedbush raised shares of Skechers USA from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $24.03 to $35.00 in a research report on Friday, October 20th. Monness Crespi & Hardt boosted their price objective on shares of Skechers USA from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Morgan Stanley upped their price target on shares of Skechers USA from $28.50 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Skechers USA presently has a consensus rating of “Buy” and an average target price of $38.67.

Shares of Skechers USA Inc (NYSE SKX) traded down $0.20 during mid-day trading on Thursday, reaching $40.99. 817,508 shares of the company traded hands, compared to its average volume of 1,597,586. Skechers USA Inc has a 1 year low of $22.31 and a 1 year high of $41.58. The company has a quick ratio of 2.30, a current ratio of 3.46 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6,375.25, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.15.

ILLEGAL ACTIVITY WARNING: “Worth Venture Partners LLC Acquires 29,000 Shares of Skechers USA Inc (SKX)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://theolympiareport.com/2018/02/01/worth-venture-partners-llc-acquires-29000-shares-of-skechers-usa-inc-skx.html.

Skechers USA Profile

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

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.