Fuller & Thaler Asset Management Inc. Purchases 269,481 Shares of Skechers U.S.A., Inc. (NYSE:SKX)

Fuller & Thaler Asset Management Inc. increased its holdings in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 1,788.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,551 shares of the textile maker's stock after purchasing an additional 269,481 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.19% of Skechers U.S.A. worth $19,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SKX. Norges Bank purchased a new stake in Skechers U.S.A. during the 4th quarter valued at about $105,741,000. Anomaly Capital Management LP increased its stake in shares of Skechers U.S.A. by 51.2% in the fourth quarter. Anomaly Capital Management LP now owns 2,989,015 shares of the textile maker's stock worth $200,981,000 after buying an additional 1,011,815 shares during the period. Bank of New York Mellon Corp raised its holdings in Skechers U.S.A. by 70.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,308,283 shares of the textile maker's stock valued at $155,209,000 after buying an additional 953,528 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Skechers U.S.A. by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,212,020 shares of the textile maker's stock valued at $148,743,000 after buying an additional 357,681 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Skechers U.S.A. by 545.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 332,813 shares of the textile maker's stock valued at $22,378,000 after acquiring an additional 281,234 shares during the last quarter. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Skechers U.S.A. Stock Performance

Shares of SKX traded up $0.28 on Monday, reaching $48.07. The company's stock 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 12-month low of $44.50 and a 12-month high of $78.85. The stock has a market capitalization of $7.18 billion, a P/E ratio of 11.58, a PEG ratio of 1.11 and a beta of 1.08. 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 stock's 50 day simple moving average is $54.81 and its two-hundred day simple moving average is $62.65.

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 analysts' consensus estimates of $1.17 by $0.17. Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm's revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group cut their price target on shares of Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their target price on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Morgan Stanley reduced their target price on Skechers U.S.A. from $80.00 to $73.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Barclays lowered their target price on Skechers U.S.A. from $77.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.62.

Insider Buying and Selling

In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 10,994 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $56.63, for a total transaction of $622,590.22. Following the completion of the sale, the general counsel now directly owns 15,000 shares of the company's stock, valued at $849,450. This trade represents a 42.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Greenberg sold 52,600 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total transaction of $3,299,072.00. Following the transaction, the chief executive officer now directly owns 61,367 shares of the company's stock, 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 quarter, insiders sold 218,245 shares of company stock valued at $13,452,902. Company insiders own 24.78% of the company's stock.

Skechers U.S.A. 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.