Economy

Analyst Commentary On Skechers USA, Inc. (SKX), RedHill Biopharma Ltd. (RDHL)

Clover Partners Lp bought 228,528 shares as the company's stock rose 17.75% with the market. Samlyn Capital LLC owned about 0.19% of Skechers U.S.A.at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SKX. Kennedy Capital Management Inc. lifted its stake in shares of Skechers U.S.A.by 20.5% during the 2nd quarter. Alps Advisors Inc. now owns 18,304 shares of the textile maker's stock valued at $540,000 after acquiring an additional 47 shares during the last quarter. BlackRock Inc. raised its holdings in Skechers U.S.A.by 3,136.5% in the 1st quarter. Louisiana State Employees Retirement System holds 34,900 shares. Municipal Employees Retirement System of MI now owns 61,790 shares of the textile maker's stock worth $1,696,000 after acquiring an additional 160 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Skechers U.S.A.by 3.8% during the second quarter. The stock, after opening at $10.89, touched a high of $11.25 before paring much of its gains. BNP Paribas Arbitrage SA grew its stake in Skechers U.S.A.by 94.5% in the 2nd quarter. Great West Life Assurance Co.

How has the stock performed recently? Vetr raised shares of Skechers U.S.A. from a hold rating to a buy rating and set a $32.12 price target for the company in a research note on Monday, July 10th. BidaskClub upgraded shares of Skechers U.S.A. from a "sell" rating to a "hold" rating in a report on Friday, June 9th.

Skechers U.S.A., Inc. (NYSE:SKX) is struggling to gain traction with investors, as evidenced by its 3.6 million shares volume. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Skechers U.S.A., Inc. RedHill Biopharma Ltd. has 0 buy ratings, 0 holds and 0 sells even after the stock tumbled -26.66% from its high of $14.74 to a $1.86 billion market value through last close.

In other news, General Counsel Phillip Paccione sold 1,004 shares of Skechers U.S.A. stock in a transaction that occurred on Thursday, August 24th. Skechers U.S.A. presently has an average rating of Buy and an average price target of $30.93. The transaction was disclosed in a filing with the SEC, which is available through this link.

COPYRIGHT VIOLATION WARNING: This article was published by StockNewsTimes and is the property of of StockNewsTimes. The company's distance from 52-week high price is -93.06% and the current price is 58.33% away from 52-week low price. If you are accessing this article on another domain, it was stolen and republished in violation of USA and global trademark & copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/04/skechers-usa-inc-skx-downgraded-by-zacks-investment-research-to-sell.html.

06/05/2017 - Skechers U.S.A., Inc. had its "equal weight" rating reiterated by analysts at Morgan Stanley. (SKX) traded up 1.29% during trading on Wednesday, reaching $25.14.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.67B. Based on a recent bid, its distance from 20 days simple moving average is 35.86%, and its distance from 50 days simple moving average is 37.79% while it has a distance of -43.05% from the 200 days simple moving average. Skechers U.S.A. has a 52-week low of $18.81 and a 52-week high of $30.00.

07/21/2017 - Skechers U.S.A., Inc. had its "outperform" rating reiterated by analysts at Cowen.

Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, July 20th. The textile maker reported $0.38 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by ($0.06). The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $966.46 million. The percentage of shares being held by the company management was 0.2% while institutional stake was 88%. Skechers U.S.A. Skechers U.S.A.'s revenue for the quarter was up 16.9% compared to the same quarter a year ago. On average, equities research analysts anticipate that Skechers U.S.A., Inc. will post $1.57 earnings per share for the current year.

12/23/2016 - Skechers U.S.A., Inc. was upgraded to "buy" by analysts at Monness Crespi & Hardt.



Like this

loading...
loading...

Latest


05 October 2017
Chipotle Mexican Grill's (CMG) "Hold" Rating Reaffirmed at Robert W. Baird
The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Chipotle Mexican Grill (NYSE: CMG ) last posted its quarterly earnings results on Tuesday, July 25th.

05 October 2017
United States private sector adds fewer jobs in September but beats views
For small businesses, the competition for talent is squeezing the smaller of small businesses, those with fewer than 20 employees. ADP said private sector employment rose by 135,000 jobs in September after surging up by a revised 228,000 jobs in August.

05 October 2017
Simultaneous Centre-state polls from 2018? EC says it's possible!
The government had allotted Rs 3,400 crore and 12,000 crore respectively to the election body to facilitate the idea. Except for Mizoram, elections in the remaining six will be over by September 2018.

05 October 2017
Ittefaq trailer: A promising whodunit starring Sonakshi Sinha, Sidharth Malhotra, Akshaye Khanna
Ittefaq is the directorial debut of Abhay and a remake of his father late filmmaker BR Chopra's 1969 film of the same name. The crime thriller is all about two murders that took place on a single night and two different versions of the same story.

05 October 2017
Adobe Systems Incorporated (ADBE) Receives Outperform Rating from Cowen and Company
Finally, CWH Capital Management Inc. acquired a new position in Adobe Systems during the second quarter valued at $141,000. The Virginia-based Davenport & Com Ltd Liability Corporation has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE).

05 October 2017
Vegas killer's Aust girlfriend lands in US
Twelve rifles were fitted with so-called bump stocks, allowing them to be fired nearly as though they were automatic weapons. The gun attachment that mimics automatic gunfire is a little-known device called a "bump stock" that is not widely sold.

05 October 2017
Gujarat HC rejects Zakia's plea against SIT clean chit to Modi
The Gulberg Massacre, as it had come to be known as, was one of the 10 major riot cases of 2002 that were re-investigated by SIT. SIT in its closure report stated that there was no "prosecutable evidence" against PM Modi, the then Gujarat Chief Minister.

05 October 2017
All Blacks pick best to front Springboks
Tawera Kerr-Barlow will likely make his first appearance of the Rugby Championship, named as back-up to starter Aaron Smith. In the meantime, Matt Todd is the reserve loose forward, with Patrick Tuipulotu again the spare lock.

05 October 2017
Gago earns Argentina recall for World Cup qualifiers
Sergio Aguero is also out injured for the Argentines right now, but it's not like they are short of options going forward. The final rounds of CONMEBOL qualifying for the 2018 World Cup take place on October 5 and October 10.

05 October 2017
Guernsey and Jersey highlighted in Ted Heath abuse allegations report
But police chief Mike Veale today defended his force's report, saying that officers had a duty to take the allegations seriously. None occurred while he was prime minister between 1970 and 1974, while two of the alleged offences occurred after that.