Cwm LLC reduced its stake in shares of Skechers USA, Inc. (NYSE: SKX – Get a rating) by 39.8% in Q1, according to the company in its latest 13F filing with the Securities & Exchange Commission. The fund held 3,242 shares of the textile maker after selling 2,143 shares during the period. Cwm LLC’s holdings in Skechers USA were worth $132,000 at the end of the last quarter.

Several other hedge funds have also recently changed their holdings in the company. Thompson Investment Management Inc. increased its stake in Skechers USA shares by 3.7% during the 1st quarter. Thompson Investment Management Inc. now owns 91,205 shares of the textile maker worth $3,718,000 after buying 3,292 additional shares in the last quarter. Congress Asset Management Co. MA increased its stake in Skechers USA shares by 6.5% during the 1st quarter. Congress Asset Management Co. MA now owns 154,351 shares of the textile maker worth $6,291,000 after buying 9,380 additional shares in the last quarter. Fifth Third Bancorp increased its stake in Skechers USA shares by 79.3% during the 1st quarter. Fifth Third Bancorp now owns 710 shares of the textile maker worth $29,000 after buying 314 more shares in the last quarter. Rothschild Investment Corp IL increased its stake in Skechers USA shares by 5.6% during the 1st quarter. Rothschild Investment Corp IL now owns 7,893 shares of the textile maker worth $322,000 after buying 416 additional shares in the last quarter. Finally, Cim LLC increased its stake in Skechers USA shares by 1.8% during the 1st quarter. Cim LLC now owns 23,977 shares of the textile maker worth $908,000 after buying 430 additional shares in the last quarter. Institutional investors hold 79.71% of the company’s shares.

Shares of NYSE: SKX opened at $36.40 on Wednesday. The company has a fifty-day moving average price of $37.56 and a two-hundred-day moving average price of $40.47. The company has a debt ratio of 0.07, a current ratio of 2.44 and a quick ratio of 1.41. Skechers USA, Inc. has a one-year low of $33.50 and a one-year high of $55.87. The company has a market capitalization of $5.68 billion, a price-earnings ratio of 7.47 and a beta of 1.32.

Skechers United States (NYSE: SKX – Get a rating) last announced its quarterly results on Tuesday, April 26. The textile maker reported EPS of $0.77 for the quarter, beating the consensus estimate of $0.72 by $0.05. Skechers USA had a net margin of 11.45% and a return on equity of 12.94%. The company posted revenue of $1.82 billion in the quarter, versus a consensus estimate of $1.69 billion. During the same period last year, the company achieved EPS of $0.63. Equity research analysts expect Skechers USA, Inc. to post EPS of 2.84 for the current fiscal year.

Several brokerages have recently published reports on SKX. OTR Global upgraded Skechers USA shares from a “mixed” rating to a “positive” rating in a Tuesday, April 5 research note. TheStreet downgraded shares of Skechers USA from a “b” rating to a “c+” rating in a Tuesday, May 17 report. Deutsche Bank Aktiengesellschaft cut its price target on Skechers USA shares from $62.00 to $61.00 in a Monday, April 25 report. StockNews.com assumed coverage of Skechers USA shares in a Thursday, March 31, report. They issued a “holding” rating for the company. Finally, Argus upgraded Skechers USA shares from a “hold” rating to a “buy” rating and set a price target of $44.00 for the company in a Wednesday, June 15 report. Two analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

About Skechers Canada (Get a rating)

Skechers U.SA, Inc designs, develops, markets and distributes footwear for men, women and children; and performance footwear for men and women worldwide. The Company operates through three segments: Domestic Wholesale, International Wholesale and Direct-to-Consumer. It offers casual, athletic casual, athletic, trail shoes, sandals, boots and retro fashion shoes for men and women under the brands Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason and BOBS; sneakers, casual shoes, boots and sandals for boys and girls under the brands Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit and Skechers Street; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail and Skechers GO Golf brands.

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