Harbour Trust & Investment Management Co Has $4.74 Million Stake in Skechers U.S.A., Inc. (NYSE:SKX)

Harbour Trust & Investment Management Co boosted its holdings in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,528 shares of the textile maker's stock after buying an additional 4,555 shares during the period. Harbour Trust & Investment Management Co's holdings in Skechers U.S.A. were worth $4,742,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SKX. UMB Bank n.a. lifted its position in Skechers U.S.A. by 423.3% during the 3rd quarter. UMB Bank n.a. now owns 450 shares of the textile maker's stock worth $30,000 after acquiring an additional 364 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Skechers U.S.A. by 52.9% during the third 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 during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Skechers U.S.A. during the fourth quarter worth $65,000. Brooklyn Investment Group purchased a new position in shares of Skechers U.S.A. in the third quarter valued at $67,000. Finally, Blue Trust Inc. boosted 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 valued at $69,000 after purchasing an additional 887 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Skechers U.S.A. Price Performance

NYSE:SKX traded down $1.70 during trading hours on Tuesday, reaching $63.42. 1,813,250 shares of the company's stock were exchanged, compared to its average volume of 2,414,624. The company has a market capitalization of $9.57 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. Skechers U.S.A., Inc. has a 12 month low of $55.67 and a 12 month high of $78.85. The business's 50-day simple moving average is $70.54 and its two-hundred day simple moving average is $66.51. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a return on equity of 13.81% and a net margin of 7.13%. Sell-side analysts expect that Skechers U.S.A., Inc. will post 4.79 EPS for the current fiscal year.

Insider Transactions at Skechers U.S.A.

In other Skechers U.S.A. news, COO David Weinberg sold 8,219 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $554,618.12. Following the sale, the chief operating officer now directly owns 122,211 shares in the company, valued at $8,246,798.28. This trade represents a 6.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Michael Greenberg sold 10,274 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $693,289.52. Following the transaction, 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 disclosure for this sale can be found here. 24.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Raymond James cut their price target on Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday. UBS Group lowered their price objective on Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a research report on Friday. Finally, TD Cowen raised their price target 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Skechers U.S.A. currently has a consensus rating of "Moderate Buy" and an average price target of $81.25.

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.