Bfsg LLC Has $6.82 Million Stock Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Bfsg LLC raised its stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 1,519.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,487 shares of the textile maker's stock after buying an additional 95,221 shares during the quarter. Bfsg LLC owned 0.07% of Skechers U.S.A. worth $6,824,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SKX. UMB Bank n.a. increased its stake in 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 during the period. Venturi Wealth Management LLC increased its stake in 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 buying an additional 299 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Skechers U.S.A. in the 4th quarter valued at approximately $65,000. Brooklyn Investment Group acquired a new position in Skechers U.S.A. in the 3rd quarter valued at approximately $67,000. Finally, Blue Trust Inc. increased its stake in Skechers U.S.A. by 778.1% in the 3rd quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock valued at $69,000 after buying an additional 887 shares during the period. Institutional investors and hedge funds own 79.96% of the company's stock.

Insider Buying and Selling at Skechers U.S.A.

In other Skechers U.S.A. news, President Michael Greenberg sold 10,274 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $693,289.52. Following the completion of the sale, the president now directly owns 149,327 shares of the company's stock, valued at $10,076,585.96. This represents a 6.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Weinberg sold 8,219 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $554,618.12. Following the completion of the sale, the chief operating officer now directly owns 122,211 shares of the company's stock, valued at approximately $8,246,798.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,139 shares of company stock valued at $7,600,899 in the last ninety days. Company insiders own 24.75% of the company's stock.

Wall Street Analysts Forecast Growth

SKX has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Skechers U.S.A. from $83.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Raymond James decreased 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 research report on Friday, February 7th. Finally, TD Cowen boosted their target price on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

Skechers U.S.A. Stock Performance

Shares of NYSE SKX traded down $2.64 during trading hours on Friday, hitting $63.01. 2,822,836 shares of the stock were exchanged, compared to its average volume of 2,553,836. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12. The company's 50 day moving average is $69.61 and its 200 day moving average is $66.53. The firm has a market capitalization of $9.51 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.12 and a beta of 1.19. Skechers U.S.A., Inc. has a one year low of $55.67 and a one year high of $78.85.

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

Skechers U.S.A. Company Profile

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.