Captrust Financial Advisors Has $346,000 Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Captrust Financial Advisors decreased its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 15.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,163 shares of the textile maker’s stock after selling 934 shares during the period. Captrust Financial Advisors’ holdings in Skechers U.S.A. were worth $346,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in Skechers U.S.A. by 423.3% during the third quarter. UMB Bank n.a. now owns 450 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 364 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Skechers U.S.A. by 52.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker’s stock valued at $58,000 after buying an additional 299 shares during the last quarter. Brooklyn Investment Group acquired a new position in Skechers U.S.A. in the 3rd quarter valued at $67,000. 1620 Investment Advisors Inc. bought a new position in Skechers U.S.A. in the 2nd quarter worth $69,000. Finally, Blue Trust Inc. lifted its position in Skechers U.S.A. by 778.1% during the 3rd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock worth $69,000 after acquiring an additional 887 shares during the last quarter. 79.96% of the stock is owned by institutional investors.

Skechers U.S.A. Price Performance

Shares of SKX stock opened at $70.35 on Friday. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. Skechers U.S.A., Inc. has a 12-month low of $55.67 and a 12-month high of $75.09. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $64.07 and a 200-day moving average of $66.21.

Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Skechers U.S.A. had a return on equity of 13.71% and a net margin of 7.19%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts forecast that Skechers U.S.A., Inc. will post 4.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SKX. Piper Sandler started coverage on Skechers U.S.A. in a research note on Tuesday. They issued a “neutral” rating and a $65.00 price objective on the stock. Bank of America lowered their target price on Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Needham & Company LLC started coverage on Skechers U.S.A. in a report on Friday, November 22nd. They set a “hold” rating for the company. StockNews.com cut Skechers U.S.A. from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Skechers U.S.A. has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Skechers U.S.A. Company Profile

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.