Rockefeller Capital Management L.P. Has $22.38 Million Position in Skechers U.S.A., Inc. (NYSE:SKX)

Rockefeller Capital Management L.P. raised its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 545.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 332,813 shares of the textile maker's stock after purchasing an additional 281,234 shares during the quarter. Rockefeller Capital Management L.P. owned 0.22% of Skechers U.S.A. worth $22,378,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SKX. TD Private Client Wealth LLC grew its holdings in Skechers U.S.A. by 534.3% during the fourth quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker's stock valued at $29,000 after purchasing an additional 358 shares during the period. UMB Bank n.a. grew its holdings in shares of Skechers U.S.A. by 53.1% in the 4th quarter. UMB Bank n.a. now owns 689 shares of the textile maker's stock valued at $46,000 after buying an additional 239 shares during the period. IFP Advisors Inc raised its stake in 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 buying an additional 317 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Skechers U.S.A. during the fourth quarter worth about $65,000. Finally, Blue Trust Inc. increased its holdings in shares of Skechers U.S.A. by 20.7% in the fourth quarter. Blue Trust Inc. now owns 1,208 shares of the textile maker's stock worth $81,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Stock Performance

Shares of NYSE SKX traded up $0.82 during midday trading on Friday, hitting $47.53. 3,579,888 shares of the company's stock were exchanged, compared to its average volume of 2,256,710. The company's 50 day moving average price is $56.75 and its 200 day moving average price is $63.46. Skechers U.S.A., Inc. has a 12 month low of $44.50 and a 12 month high of $78.85. The firm has a market capitalization of $7.10 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $0.65 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%. As a group, analysts predict that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Activity at Skechers U.S.A.

In related news, COO David Weinberg sold 36,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total transaction of $2,257,920.00. Following the sale, the chief operating officer now owns 54,499 shares of the company's stock, valued at $3,418,177.28. This represents a 39.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John M. Vandemore sold 5,112 shares of Skechers U.S.A. 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 transaction, the chief financial officer now directly owns 83,328 shares of the company's stock, valued at $5,063,009.28. This represents a 5.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 218,245 shares of company stock worth $13,452,902. Corporate insiders own 24.75% of the company's stock.

Analyst Upgrades and Downgrades

SKX has been the subject of a number of research reports. Bank of America lowered their target price on Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Needham & Company LLC restated a "hold" rating on shares of Skechers U.S.A. in a report on Friday, February 7th. TD Cowen lifted their price target on 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 cut their price target on Skechers U.S.A. from $78.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, StockNews.com downgraded Skechers U.S.A. from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Skechers U.S.A. has an average rating of "Moderate Buy" and a consensus target price of $74.67.

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.