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Principale » OTR Global Upgrades Rating On Skechers USA, Inc. (SKX) To "Positive"

OTR Global Upgrades Rating On Skechers USA, Inc. (SKX) To "Positive"

22 Juillet 2017

The stock of General Dynamics Corporation (NYSE:GD) has "Neutral" rating given on Wednesday, March 1 by Citigroup. Walsh Thomas sold $22,421 worth of stock or 750 shares. They now have a United States dollars 35 price target on the stock.

06/05/2017 - Skechers U.S.A., Inc. had its "equal weight" rating reiterated by analysts at Morgan Stanley. Susquehanna Bancshares Inc reiterated a "neutral" rating and set a $25.00 price target on shares of Skechers U.S.A.in a research report on Monday, April 24th. Finally, Zacks Investment Research lowered Skechers U.S.A. from a "hold" rating to a "sell" rating in a report on Wednesday, April 12th. On December 1 the stock rating was upgraded from " to "Buy" by Buckingham.

Skechers U.S.A., Inc. was upgraded to "positive" by analysts at OTR Global. (SKX) traded up 0.6715% during trading on Tuesday, hitting $28.5001. Skechers U.S.A. The stock has a market cap of $4.51 billion, a P/E ratio of 18.4826 and a beta of 0.19. Company chares are trading at $28.48 barely above the 50 day moving average of $28.04 and a tad higher than the 200 day moving average of $26.15. Comerica Bank increased its position in Skechers U.S.A.by 5.9% in the fourth quarter. (NYSE:SKX) last issued its quarterly earnings data on Thursday, July 20th. The institutional investor held 462,553 shares of the business services company at the end of 2016Q4, valued at $36.09M, up from 443,958 at the end of the previous reported quarter. Skechers U.S.A. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $966.46 million. Skechers U.S.A. The business's quarterly revenue was up 16.9% compared to the same quarter past year. It also reduced its holding in Unilever N V (NYSE:UN) by 49,093 shares in the quarter, leaving it with 1.93M shares, and cut its stake in Tjx Companies Inc (NYSE:TJX).

Analysts are also projecting an Average Revenue Estimate for Skechers U.S.A., Inc.as $966460 in the Current Quarter.

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

08/01/2016 - Skechers U.S.A., Inc. was downgraded to "hold" by analysts at Argus. Hartline holds 0.22% in Skechers USA Inc (NYSE:SKX) or 26,181 shares. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & worldwide trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2017/07/21/skechers-u-s-a-inc-skx-downgraded-by-vetr-inc-updated-updated-updated.html.

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In other news, Director Richard Rappaport sold 1,500 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $28.38, for a total transaction of $42,570.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at approximately $567,600. The disclosure for this sale can be found here.

04/07/2016 - Macquarie began new coverage on Skechers U.S.A., Inc. giving the company a "outperform" rating. Amerigo Asset Management boosted its stake in Skechers U.S.A.by 28.5% in the first quarter.

For the Current Quarter, the growth estimate for Skechers U.S.A., Inc.is -8.3%, while for the Next Quarter the stock growth estimate is 35.7%. Moreover, Bain Capital Public Equity Management Llc has 7.32% invested in the company for 597,904 shares. JPMorgan Chase & Co. now owns 403,556 shares of the textile maker's stock valued at $11,079,000 after buying an additional 303,040 shares during the period.

Skechers U.S.A., Inc. (SKX) surprised the stock market in its last reported earnings when it earned $0.6 a piece versus the consensus-estimated $0.54.