16,067 Shares in Skechers U.S.A., Inc. (NYSE:SKX) Purchased by Jump Financial LLC

Jump Financial LLC purchased a new stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,067 shares of the textile maker's stock, valued at approximately $1,080,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Skechers U.S.A. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 12,544,233 shares of the textile maker's stock valued at $843,474,000 after purchasing an additional 82,143 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 acquiring an additional 953,528 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Skechers U.S.A. by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 2,294,976 shares of the textile maker's stock worth $154,361,000 after acquiring an additional 78,071 shares in the last quarter. Norges Bank acquired a new position in shares of Skechers U.S.A. in the 4th quarter worth $105,741,000. Finally, Wellington Management Group LLP raised its position in shares of Skechers U.S.A. by 6.3% during the fourth quarter. Wellington Management Group LLP now owns 1,090,413 shares of the textile maker's stock worth $73,319,000 after purchasing an additional 64,857 shares during the period. Institutional investors own 79.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Monness Crespi & Hardt dropped their price target on Skechers U.S.A. from $85.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday. Raymond James cut their price target on shares of Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Barclays decreased their price objective on shares of Skechers U.S.A. from $77.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday. Morgan Stanley reduced their target price on Skechers U.S.A. from $80.00 to $73.00 and set an "overweight" rating for the company in a report on Friday. Finally, UBS Group decreased their target price on Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.62.

Skechers U.S.A. Stock Down 5.3 %

NYSE:SKX traded down $2.70 during mid-day trading on Friday, reaching $47.80. The stock had a trading volume of 4,836,986 shares, compared to its average volume of 2,301,551. 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 has a market cap of $7.14 billion, a P/E ratio of 11.55, a PEG ratio of 1.11 and a beta of 1.08. The business's 50 day moving average is $55.20 and its 200 day moving average is $62.83. Skechers U.S.A., Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $78.85.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.17. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.43 billion. 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 predict that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current year.

Insider Activity

In other news, General Counsel Phillip Paccione sold 10,994 shares of Skechers U.S.A. stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $56.63, for a total value of $622,590.22. Following the transaction, the general counsel now directly owns 15,000 shares in the company, valued at approximately $849,450. The trade was a 42.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Greenberg sold 52,600 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total value of $3,299,072.00. Following the sale, the chief executive officer now owns 61,367 shares of the company's stock, valued at approximately $3,848,938.24. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 218,245 shares of company stock valued at $13,452,902. Insiders own 24.78% of the company's stock.

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.