Heartland Advisors Inc. Has $12.15 Million Stock Position in Skechers U.S.A., Inc. (NYSE:SKX)

Heartland Advisors Inc. increased its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,652 shares of the textile maker's stock after acquiring an additional 43,000 shares during the quarter. Heartland Advisors Inc. owned about 0.12% of Skechers U.S.A. worth $12,147,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its holdings in shares of Skechers U.S.A. by 534.3% in the 4th quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker's stock valued at $29,000 after buying an additional 358 shares during the period. UMB Bank n.a. boosted its position in shares of Skechers U.S.A. by 53.1% during the fourth quarter. UMB Bank n.a. now owns 689 shares of the textile maker's stock worth $46,000 after buying an additional 239 shares during the period. IFP Advisors Inc grew its stake in shares of Skechers U.S.A. by 62.4% during the 4th quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock worth $55,000 after acquiring an additional 317 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Skechers U.S.A. during the fourth quarter worth $65,000. Finally, Brooklyn Investment Group acquired a new stake in Skechers U.S.A. in the 3rd quarter valued at $67,000. Institutional investors own 79.96% of the company's stock.

Skechers U.S.A. Price Performance

Skechers U.S.A. stock traded up $0.86 during trading hours on Tuesday, reaching $57.64. 740,264 shares of the stock were exchanged, compared to its average volume of 2,070,261. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Skechers U.S.A., Inc. has a twelve month low of $53.79 and a twelve month high of $78.85. The company has a market cap of $8.61 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.21. The stock has a 50 day moving average of $64.01 and a two-hundred day moving average of $65.14.

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Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.13% and a return on equity of 13.73%. Equities analysts expect that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKX has been the topic of a number of recent research reports. Barclays lowered their target price on Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Bank of America lowered their price objective on shares of 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. StockNews.com downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a report on Monday, February 10th. UBS Group reduced their price objective on Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Evercore ISI boosted their price target on Skechers U.S.A. from $72.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $80.42.

Insider Activity at Skechers U.S.A.

In related news, CFO John M. Vandemore sold 5,112 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $60.76, for a total value of $310,605.12. Following the transaction, the chief financial officer now owns 83,328 shares in the company, valued at $5,063,009.28. The trade was a 5.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Greenberg sold 52,600 shares of Skechers U.S.A. stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total value of $3,299,072.00. Following the completion of the transaction, the chief executive officer now directly owns 61,367 shares of the company's stock, valued at approximately $3,848,938.24. This trade represents a 46.15 % 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 over the last ninety days. 24.75% of the stock is owned by corporate insiders.

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.