Skechers U.S.A., Inc. (NYSE:SKX) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group raised its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,343 shares of the textile maker's stock after buying an additional 18,024 shares during the period. Schroder Investment Management Group owned approximately 0.12% of Skechers U.S.A. worth $12,010,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SKX. TD Private Client Wealth LLC lifted its stake in shares of Skechers U.S.A. by 534.3% in the fourth quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker's stock worth $29,000 after acquiring an additional 358 shares in the last quarter. UMB Bank n.a. raised its position 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 purchasing an additional 239 shares in the last quarter. IFP Advisors Inc raised its position in shares of Skechers U.S.A. by 62.4% in the 4th quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock valued at $55,000 after purchasing an additional 317 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Skechers U.S.A. during the 4th quarter valued at approximately $65,000. Finally, Blue Trust Inc. grew its position in shares of Skechers U.S.A. by 20.7% during the fourth quarter. Blue Trust Inc. now owns 1,208 shares of the textile maker's stock worth $81,000 after buying an additional 207 shares in the last quarter. 79.96% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have commented on SKX. TD Cowen increased their price objective 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a research report on Friday, February 7th. Stifel Nicolaus decreased their price target on Skechers U.S.A. from $83.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, February 7th. UBS Group cut their price objective on Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Barclays reduced their target price on Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.42.

Insider Transactions at Skechers U.S.A.

In related news, COO David Weinberg sold 36,000 shares of Skechers U.S.A. stock in a transaction dated Wednesday, February 12th. The shares were 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 directly owns 54,499 shares in the company, valued at $3,418,177.28. The trade was a 39.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Greenberg sold 52,600 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total transaction of $3,299,072.00. Following the completion of the transaction, the chief executive officer now owns 61,367 shares of the company's stock, valued at $3,848,938.24. This represents a 46.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 218,245 shares of company stock worth $13,452,902. Company insiders own 24.75% of the company's stock.

Skechers U.S.A. Stock Performance

SKX stock traded up $1.33 during mid-day trading on Friday, reaching $50.29. The company had a trading volume of 7,405,275 shares, compared to its average volume of 2,144,060. Skechers U.S.A., Inc. has a one year low of $45.69 and a one year high of $78.85. The stock has a market capitalization of $7.51 billion, a P/E ratio of 12.12, a P/E/G 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. The stock's 50-day simple moving average is $62.35 and its two-hundred day simple moving average is $64.77.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $0.65 earnings per share 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%. Research analysts anticipate that Skechers U.S.A., Inc. will post 4.47 EPS for the current year.

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.