Fiduciary Financial Group LLC Invests $298,000 in Skechers U.S.A., Inc. (NYSE:SKX)

Fiduciary Financial Group LLC acquired a new stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,249 shares of the textile maker's stock, valued at approximately $298,000.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of Skechers U.S.A. by 423.3% in the third quarter. UMB Bank n.a. now owns 450 shares of the textile maker's stock valued at $30,000 after buying an additional 364 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Skechers U.S.A. by 52.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker's stock worth $58,000 after acquiring an additional 299 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Skechers U.S.A. in the 3rd quarter valued at about $67,000. Blue Trust Inc. raised its stake in shares of Skechers U.S.A. by 778.1% in the third quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $69,000 after acquiring an additional 887 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Skechers U.S.A. by 44.6% in the second quarter. Quarry LP now owns 1,187 shares of the textile maker's stock worth $82,000 after acquiring an additional 366 shares during the last quarter. Institutional investors own 79.96% of the company's stock.

Insider Buying and Selling

In other Skechers U.S.A. news, President Michael Greenberg sold 10,274 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $693,289.52. Following the sale, the president now directly owns 149,327 shares in the company, valued at approximately $10,076,585.96. This trade represents a 6.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David Weinberg sold 8,219 shares of Skechers U.S.A. stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 122,211 shares in the company, valued at approximately $8,246,798.28. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by company insiders.

Skechers U.S.A. Trading Down 0.3 %

Shares of NYSE:SKX traded down $0.19 during mid-day trading on Thursday, reaching $69.38. The stock had a trading volume of 1,264,037 shares, compared to its average volume of 1,546,284. The firm has a 50 day simple moving average of $66.54 and a two-hundred day simple moving average of $65.61. Skechers U.S.A., Inc. has a twelve month low of $55.67 and a twelve month high of $75.09. The firm has a market cap of $10.47 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Skechers U.S.A. had a net margin of 7.19% and a return on equity of 13.71%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business posted $0.93 earnings per share. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts predict that Skechers U.S.A., Inc. will post 4.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SKX shares. Bank of America decreased their price target on shares of Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. TD Cowen lifted their target price on Skechers U.S.A. from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Needham & Company LLC started coverage on Skechers U.S.A. in a research report on Friday, November 22nd. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft raised their price target on Skechers U.S.A. from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Barclays boosted their price objective on Skechers U.S.A. from $79.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.42.

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.