Skechers USA Inc (SKX) Lifted to Buy at Citigroup Inc

Hedge funds have recently added to or reduced their stakes in the company. Skechers USA earned a media sentiment score of 0.04 on AlphaOne's scale.

In related news, Director Richard Rappaport sold 1,500 shares of the business's stock in a transaction on Wednesday, March 29th. Neuburgh Advisers LLC raised its position in shares of Skechers USA by 3.8% in the first quarter. Pacer Advisors Inc. now owns 12,497 shares of the textile maker's stock valued at $286,000 after buying an additional 864 shares during the period. Tyers Asset Management LLC acquired a new position in shares of Skechers USA during the fourth quarter valued at about $145,000. Tower Research Capital LLC TRC now owns 3,844 shares of the textile maker's stock valued at $106,000 after buying an additional 3,120 shares during the period. Also, the number of investment managers holding Skechers USA Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1.

A look at some of the inputs to technical analysis model shows how Skechers U.S.A., Inc. current price compares to its recent moving averages. (NYSE:HRI), its shares were trading at $37.13 a retreat of $-1.69, on the trading floor. (KSS) is 0.39 while the analysts predicted the EPS of the stock to be 0.29 suggesting the company fell short of the analysts' expectations. Shares price moved down from its 50 days moving average with -2.34% and remote positively from 200 days moving average with 6.19%. Skechers USA has a 52 week low of $18.81 and a 52 week high of $32.71.

Skechers USA (NYSE:SKX) last released its quarterly earnings data on Thursday, April 20th. While in the same Quarter Previous year, the Actual EPS was $0.48. Skechers USA had a net margin of 6.83% and a return on equity of 15.10%. On annual basis, the FY2016 Estimate trend at current was $1.77 as compared to three months ago was $1.78, according to WSJ analytic reports.

The company reported an impressive total revenue of 3.56 Billion in the last fiscal year.

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Several analysts have issued reports on the stock. Finally, Zacks Investment Research raised Skechers USA from a sell rating to a hold rating in a report on Tuesday, February 14th. Susquehanna Bancshares Inc restated a "positive" rating and set a $30.00 price target on shares of Skechers USA in a research report on Thursday, February 16th. The company was initiated on Wednesday, November 2 by Wedbush. Out of 16 Wall Street analysts rating Skechers Usa Inc., 12 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". On Monday, October 3 the stock rating was initiated by Standpoint Research with "Buy". With many stocks frequently hitting new milestone highs, investors may be scrambling to make sure that they aren't missing out on possible returns. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Following the completion of the sale, the director now directly owns 21,500 shares of the company's stock, valued at approximately $599,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Weinberg sold 23,502 shares of the business's stock in a transaction on Tuesday, May 2nd. They now have a United States dollars 25 price target on the stock. Following the transaction, the chief operating officer now owns 193,502 shares in the company, valued at $4,853,030.16.

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