Amundi Has $16.14 Million Position in Skechers U.S.A., Inc. (NYSE:SKX)

Amundi trimmed its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 232,842 shares of the textile maker's stock after selling 35,823 shares during the quarter. Amundi owned about 0.15% of Skechers U.S.A. worth $16,138,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SKX. UMB Bank n.a. raised its position in shares of Skechers U.S.A. by 53.1% in the 4th quarter. UMB Bank n.a. now owns 689 shares of the textile maker's stock valued at $46,000 after buying an additional 239 shares in the last quarter. IFP Advisors Inc lifted its stake in Skechers U.S.A. by 62.4% during the fourth quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock worth $55,000 after purchasing an additional 317 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Skechers U.S.A. by 52.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker's stock valued at $58,000 after purchasing an additional 299 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Skechers U.S.A. in the 4th quarter valued at $65,000. Finally, Brooklyn Investment Group bought a new position in shares of Skechers U.S.A. in the 3rd quarter valued at $67,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com downgraded Skechers U.S.A. from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James dropped their target price on shares of Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, February 7th. UBS Group decreased their price target on shares of Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of Skechers U.S.A. from $83.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Barclays cut their target price on shares of Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

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Insider Activity

In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 10,994 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $56.63, for a total value of $622,590.22. Following the transaction, the general counsel now directly owns 15,000 shares of the company's stock, valued at approximately $849,450. The trade was a 42.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Greenberg sold 52,600 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total value of $3,299,072.00. Following the transaction, the chief executive officer now owns 61,367 shares in the company, valued at $3,848,938.24. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 236,738 shares of company stock valued at $14,700,809. 24.75% of the stock is currently owned by insiders.

Skechers U.S.A. Stock Performance

NYSE SKX opened at $55.85 on Friday. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.11 and a beta of 1.21. Skechers U.S.A., Inc. has a twelve month low of $53.79 and a twelve month high of $78.85. The stock has a fifty day simple moving average of $67.08 and a 200 day simple moving average of $66.03. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.73%. Sell-side analysts expect that Skechers U.S.A., Inc. will post 4.47 EPS for the current year.

About Skechers U.S.A.

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.

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