Top 5 Stock Picks of Dan Kozlowski’s Plaisance Capital

3. Skechers U.S.A., Inc. (NYSE:SKX)

Plaisance Capital’s Stake Value: $6,354,000

Percentage of Plaisance Capital’s 13F Portfolio: 3.16%

Number of Hedge Fund Investors: 35

Skechers U.S.A., Inc. (NYSE:SKX), founded in 1992, is the third-largest athletic footwear company in the United States. Based out of Manhattan Beach, California, the company has over 4,000 stores across the world. Plaisance Capital held 127,520 shares in Skechers U.S.A., Inc. (NYSE:SKX) in Q2 2021. The market value of the shares was close to $6.35 million.

On November 2, John Staszak at Argus lowered the rating on Skechers U.S.A., Inc. (NYSE:SKX) from Buy to Hold on the back of supply chain issues. He further added that the stock would become a buy if its stock price fell below the $35 level due to non-fundamental reasons. Skechers has been a part of Plaisance Capital’s portfolio for the past seven quarters.