Friess Associates LLC Position in Skechers U.S.A. INC (SKX) Lifted by $10.63 Million

June 14, 2018 - By Jeanette Kaplan

Skechers U.S.A., Inc. (NYSE:SKX) LogoInvestors sentiment decreased to 1.08 in 2018 Q1. Its down 0.26, from 1.34 in 2017Q4. It dropped, as 30 investors sold SKX shares while 99 reduced holdings. 58 funds opened positions while 81 raised stakes. 108.75 million shares or 1.56% less from 110.47 million shares in 2017Q4 were reported. Reilly Advsrs Lc stated it has 500 shares. First Allied Advisory reported 0.02% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Bluecrest Capital Management Limited has invested 0.01% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Cibc World Mkts Inc owns 9,241 shares. Arrowstreet Cap Partnership has 453,969 shares. Gam Holding Ag reported 0.03% of its portfolio in Skechers U.S.A., Inc. (NYSE:SKX). Moreover, State Of New Jersey Common Pension Fund D has 0.03% invested in Skechers U.S.A., Inc. (NYSE:SKX). 17,767 were reported by Parallax Volatility Advisers L P. Advantus Cap Mgmt Inc reported 16,654 shares or 0.02% of all its holdings. Northwestern Mutual Wealth Mgmt holds 983 shares. Scopus Asset Ltd Partnership, a New York-based fund reported 1.13M shares. Intact Management Inc holds 0.01% in Skechers U.S.A., Inc. (NYSE:SKX) or 5,500 shares. Employees Retirement Systems Of Ohio holds 0.03% or 123,278 shares. Pnc Serv Group, a Pennsylvania-based fund reported 5,969 shares. Citigroup holds 0% or 45,927 shares.

Since February 28, 2018, it had 0 insider buys, and 6 selling transactions for $4.51 million activity. $708,951 worth of stock was sold by WEINBERG DAVID on Wednesday, May 2. On Friday, March 2 the insider NASON MARK A sold $673,687. GREENBERG ROBERT had sold 37,814 shares worth $1.53M on Friday, March 2.

Friess Associates Llc increased its stake in Skechers U.S.A. Inc. (SKX) by 244.24% based on its latest 2018Q1 regulatory filing with the SEC. Friess Associates Llc bought 279,651 shares as the company’s stock declined 24.60% with the market. The institutional investor held 394,151 shares of the consumer non-durables company at the end of 2018Q1, valued at $15.33 million, up from 114,500 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Skechers U.S.A. Inc. for a number of months, seems to be bullish on the $4.64B market cap company. The stock increased 0.56% or $0.16 during the last trading session, reaching $28.98. About 1.65 million shares traded. Skechers U.S.A., Inc. (NYSE:SKX) has risen 27.58% since June 14, 2017 and is uptrending. It has outperformed by 15.01% the S&P500.

Friess Associates Llc, which manages about $1.34B and $1.22B US Long portfolio, decreased its stake in Gms Inc. by 159,557 shares to 134,276 shares, valued at $4.10M in 2018Q1, according to the filing. It also reduced its holding in Liberty Fo by 110,835 shares in the quarter, leaving it with 394,815 shares, and cut its stake in Quanta Services Inc. (NYSE:PWR).

More notable recent Skechers U.S.A., Inc. (NYSE:SKX) news were published by: Businesswire.com which released: “SKECHERS Named Men’s and Kids’ Brand of the Year at the Drapers Footwear Awards” on June 11, 2018, also Streetinsider.com with their article: “3 Data Points You Need to Know This Week (SHOO) (SKX) (WWW)” published on June 12, 2018, Benzinga.com published: “Skechers Accuses Adidas Of Blocking Entry To Basketball Market In Federal Lawsuit” on May 18, 2018. More interesting news about Skechers U.S.A., Inc. (NYSE:SKX) were released by: Investorplace.com and their article: “3 Low P/E Stocks to Buy as Inflation Protection” published on June 11, 2018 as well as Investorplace.com‘s news article titled: “20 Long-Term Value Stocks With Hulking Upside” with publication date: June 14, 2018.

Skechers U.S.A., Inc. (NYSE:SKX) Ratings Coverage

Among 8 analysts covering Skechers USA (NYSE:SKX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Skechers USA had 14 analyst reports since December 15, 2017 according to SRatingsIntel. The stock of Skechers U.S.A., Inc. (NYSE:SKX) has “Buy” rating given on Tuesday, January 9 by Susquehanna. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, February 6 report. The stock of Skechers U.S.A., Inc. (NYSE:SKX) earned “Buy” rating by Susquehanna on Friday, April 13. The firm has “Buy” rating given on Thursday, April 19 by Cowen & Co. The firm has “Neutral” rating given on Friday, April 20 by Wedbush. The rating was maintained by FBR Capital with “Buy” on Tuesday, February 6. The company was maintained on Thursday, February 8 by Cowen & Co. Buckingham Research reinitiated Skechers U.S.A., Inc. (NYSE:SKX) rating on Wednesday, April 18. Buckingham Research has “Buy” rating and $48 target. Citigroup reinitiated the shares of SKX in report on Wednesday, April 18 with “Buy” rating. The company was maintained on Friday, June 8 by Wedbush.

Skechers U.S.A., Inc. (NYSE:SKX) Institutional Positions Chart

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