Could Skechers USA Inc Rise Even More? The Stock Had Bullish Options Activity

 Could Skechers USA Inc Rise Even More? The Stock Had Bullish Options Activity

In today’s session Skechers USA Inc (SKX) registered an unusually high (431) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SKX increase. With 431 contracts traded and 11434 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SKX170120C00023330 closed last at: $0.45 or 12.5% up. About 616,623 shares traded hands. Skechers USA Inc (NYSE:SKX) has declined 23.36% since April 7, 2016 and is downtrending. It has underperformed by 28.14% the S&P500.

Skechers USA Inc (NYSE:SKX) Ratings Coverage

Out of 14 analysts covering Skechers Usa Inc. (NYSE:SKX), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $185 is the highest target while $2.50 is the lowest. The $58.99 average target is 186.92% above today’s ($20.56) stock price. Skechers Usa Inc. has been the topic of 30 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, October 3, the company rating was initiated by Standpoint Research. The rating was initiated by Macquarie Research on Thursday, April 7 with “Outperform”. The firm has “Buy” rating given on Friday, October 23 by Monness Crespi & Hardt. The stock has “Neutral” rating given by Citigroup on Friday, October 21. The firm has “Neutral” rating by Susquehanna given on Friday, January 22. The rating was maintained by Sterne Agee CRT with “Buy” on Sunday, September 6. The stock of Skechers USA Inc (NYSE:SKX) earned “Buy” rating by Monness Crespi & Hardt on Thursday, July 30. Susquehanna initiated the shares of SKX in a report on Friday, August 12 with “Neutral” rating. On Friday, September 30 the stock rating was upgraded by Susquehanna to “Positive”. The rating was downgraded by Buckingham Research on Friday, October 23 to “Neutral”.

According to Zacks Investment Research, “Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. The company sells its products to department stores such as Nordstrom, Macy’s, Dillards, Robinson’s-May and JC Penney and specialty retailers such as Genesco’s Journeys and Jarman chains, The Venator Group’s Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.03, from 1.14 in 2016Q1. The ratio dived, as 62 funds sold all Skechers USA Inc shares owned while 93 reduced positions. 60 funds bought stakes while 112 increased positions. They now own 102.59 million shares or 3.66% less from 106.49 million shares in 2016Q1.
Rail accumulated 399,161 shares or 2.85% of the stock. Bnp Paribas Arbitrage accumulated 0.02% or 135,318 shares. California Pub Employees Retirement, a California-based fund reported 295,600 shares. Teacher Retirement Systems Of Texas accumulated 18,127 shares or 0% of the stock. Moreover, Fifth Third Fincl Bank has 0% invested in Skechers USA Inc (NYSE:SKX) for 106 shares. Weiss Multi has 0.31% invested in the company for 136,252 shares. Advantus Mngmt Inc, a Minnesota-based fund reported 16,096 shares. Meeder Asset Management owns 3,592 shares or 0.01% of their US portfolio. Blackrock Advisors accumulated 208,188 shares or 0.01% of the stock. Mastrapasqua Asset accumulated 0.28% or 37,410 shares. Ubs Asset Mgmt Americas holds 96,205 shares or 0% of its portfolio. Capstone Asset Mngmt has 0.02% invested in the company for 21,686 shares. The New York-based Two Sigma Ltd Liability Company has invested 0.19% in Skechers USA Inc (NYSE:SKX). Williams Jones And Llc holds 31,490 shares or 0.04% of its portfolio. Qs Lc holds 260,886 shares or 0.07% of its portfolio.

Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 6 selling transactions for $4.11 million net activity. Shares for $9.43 million were sold by GREENBERG ROBERT on Friday, May 13. 10,000 shares with value of $313,581 were sold by GREENBERG JEFFREY on Wednesday, June 1. NASON MARK A also sold $271,650 worth of Skechers USA Inc (NYSE:SKX) on Thursday, May 26. PACCIONE PHILLIP also sold $33,509 worth of Skechers USA Inc (NYSE:SKX) shares. Another trade for 150,000 shares valued at $3.09M was made by GREENBERG MICHAEL on Wednesday, November 2.

Skechers U.S.A., Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The company has a market cap of $3.31 billion. The Firm operates through three divisions: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. It has a 11.96 P/E ratio. The Company’s brands are sold through department and specialty stores, athletic and independent retailers, boutiques and Internet retailers.

SKX Company Profile

Skechers U.S.A., Inc., incorporated on May 28, 1998, is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Firm operates through three divisions: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. The Company’s brands are sold through department and specialty stores, athletic and independent retailers, boutiques and Internet retailers. In addition to wholesale distribution, the Company’s footwear is available at its e-commerce site and its own retail stores. The Firm operates approximately 120 concept stores, over 160 factory outlet stores and over 120 warehouse outlet stores in the United States, and approximately 80 concept stores, over 40 factory outlet stores, and over five warehouse outlet stores internationally.

More news for Skechers USA Inc (NYSE:SKX) were recently published by: Fool.com, which released: “Better Buy: Nike Inc. or Skechers USA Inc?” on October 13, 2016. Nasdaq.com‘s article titled: “Commit To Buy Skechers USA At $13, Earn 10.8% Using Options” and published on November 03, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment