Louisiana State Employees Retirement System Decreases Stock Holdings in Skechers USA Inc (NYSE:SKX) – Slater Sentinel
Geode Capital Management LLC now owns 1,369,816 shares of the textile maker’s stock worth $31,355,000 after purchasing an additional 79,002 shares in the last quarter. Norges Bank purchased a new stake in Skechers USA in the 4th quarter worth approximately $29,796,000. Skechers USA stock traded down $1.90 during trading hours on Friday, reaching $29.19. The stock has a market cap of $4.71 billion, a PE ratio of 15.20, a PEG ratio of 0.90 and a beta of 0.78. Finally, Susquehanna Bancshares raised their price objective on shares of Skechers USA from $37.00 to $42.00 and gave the company a “positive” rating in a research report on Friday, July 19th.