John M. Vandemore Sells 5,112 Shares of Skechers U.S.A., Inc. (NYSE:SKX) Stock

Skechers U.S.A., Inc. (NYSE:SKX - Get Free Report) CFO John M. Vandemore sold 5,112 shares of the company'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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skechers U.S.A. Trading Up 0.1 %

Skechers U.S.A. stock traded up $0.04 during mid-day trading on Friday, hitting $59.06. The stock had a trading volume of 3,942,882 shares, compared to its average volume of 1,975,190. The stock has a 50-day simple moving average of $68.18 and a two-hundred day simple moving average of $66.42. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.92 billion, a PE ratio of 14.23, a P/E/G ratio of 1.11 and a beta of 1.21. Skechers U.S.A., Inc. has a 12 month low of $55.67 and a 12 month high of $78.85.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current year.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on SKX shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a report on Friday, February 7th. StockNews.com cut shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. TD Cowen lifted their target price on shares of 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. Evercore ISI increased their price target on Skechers U.S.A. from $72.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, UBS Group dropped their price target 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.25.

Institutional Trading of Skechers U.S.A.

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in shares of Skechers U.S.A. by 5,780.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,639,390 shares of the textile maker's stock worth $176,628,000 after purchasing an additional 2,594,507 shares during the last quarter. Norges Bank acquired a new position in Skechers U.S.A. in the fourth quarter valued at about $105,741,000. Duquesne Family Office LLC acquired a new position in Skechers U.S.A. in the fourth quarter valued at about $72,272,000. Two Sigma Investments LP boosted its holdings in Skechers U.S.A. by 772.7% during the fourth quarter. Two Sigma Investments LP now owns 1,176,488 shares of the textile maker's stock worth $79,107,000 after buying an additional 1,041,677 shares during the last quarter. Finally, Anomaly Capital Management LP grew its position in shares of Skechers U.S.A. by 51.2% during the 4th 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. Institutional investors and hedge funds own 79.96% of the company's stock.

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.