Skechers U.S.A., Inc. (NYSE:SKX) Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,212,020 shares of the textile maker's stock after acquiring an additional 357,681 shares during the quarter. Dimensional Fund Advisors LP owned 1.47% of Skechers U.S.A. worth $148,743,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SKX. NewEdge Advisors LLC lifted its holdings in shares of Skechers U.S.A. by 85.2% in the 4th quarter. NewEdge Advisors LLC now owns 413 shares of the textile maker's stock valued at $28,000 after buying an additional 190 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Skechers U.S.A. by 534.3% during the 4th quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker's stock worth $29,000 after acquiring an additional 358 shares in the last quarter. UMB Bank n.a. grew its holdings 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 worth $46,000 after acquiring an additional 239 shares during the period. IFP Advisors Inc increased its stake in Skechers U.S.A. by 62.4% in the 4th quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock valued at $55,000 after purchasing an additional 317 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Skechers U.S.A. during the fourth quarter worth $65,000. 79.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Skechers U.S.A. from $77.00 to $53.00 and set an "overweight" rating for the company in a research report on Friday. Monness Crespi & Hardt dropped their target price on shares of Skechers U.S.A. from $85.00 to $70.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI reduced their price target on shares of Skechers U.S.A. from $78.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus dropped their price objective on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Bank of America reduced their target price on Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $71.62.

Insider Activity

In other Skechers U.S.A. news, CFO John M. Vandemore sold 5,112 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $60.76, for a total transaction of $310,605.12. Following the completion of the sale, the chief financial officer now owns 83,328 shares in the company, valued at $5,063,009.28. This trade represents a 5.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Greenberg sold 33,656 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $60.76, for a total value of $2,044,938.56. Following the transaction, the president now owns 137,530 shares of the company's stock, valued at approximately $8,356,322.80. This trade represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,245 shares of company stock valued at $13,452,902 in the last three months. Corporate insiders own 24.78% of the company's stock.

Skechers U.S.A. Trading Up 0.6 %

Shares of SKX traded up $0.28 during mid-day trading on Monday, hitting $48.07. The company had a trading volume of 3,901,690 shares, compared to its average volume of 2,285,136. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85. The business's 50-day simple moving average is $54.81 and its 200-day simple moving average is $62.65. The stock has a market cap of $7.18 billion, a PE ratio of 11.58, a P/E/G ratio of 1.11 and a beta of 1.08. 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 announced its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.17. Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.73%. The company had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the company earned $1.33 EPS. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Skechers U.S.A., Inc. will post 4.47 earnings per share 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.