Skechers U.S.A., Inc. (NYSE:SKX) Stake Raised by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd increased its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 437.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,848 shares of the textile maker's stock after buying an additional 6,387 shares during the period. Aster Capital Management DIFC Ltd's holdings in Skechers U.S.A. were worth $528,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management increased its position in shares of Skechers U.S.A. by 11.6% during the fourth quarter. Spire Wealth Management now owns 1,486 shares of the textile maker's stock worth $100,000 after acquiring an additional 155 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Skechers U.S.A. by 0.9% in the 4th quarter. Calamos Wealth Management LLC now owns 18,257 shares of the textile maker's stock worth $1,228,000 after purchasing an additional 157 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Skechers U.S.A. by 4.7% in the 4th quarter. Independent Advisor Alliance now owns 4,486 shares of the textile maker's stock valued at $302,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. lifted 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 purchasing an additional 207 shares during the last quarter. Finally, X Square Capital LLC grew its stake in Skechers U.S.A. by 0.5% in the fourth quarter. X Square Capital LLC now owns 42,835 shares of the textile maker's stock worth $2,880,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Price Performance

NYSE SKX traded up $0.12 on Friday, reaching $49.47. 3,786,343 shares of the stock traded hands, compared to its average volume of 2,232,669. Skechers U.S.A., Inc. has a 12 month low of $44.50 and a 12 month high of $78.85. 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 firm's fifty day simple moving average is $58.55 and its 200 day simple moving average is $63.99. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.11 and a beta of 1.08.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last released its earnings results 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 return on equity of 13.73% and a net margin of 7.13%. As a group, research analysts predict that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKX has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of Skechers U.S.A. in a research note on Friday, February 7th. StockNews.com downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Evercore ISI boosted their price objective on shares of Skechers U.S.A. from $72.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, UBS Group cut their target price on shares of Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.92.

Insider Buying and Selling

In related news, COO David Weinberg sold 36,000 shares of Skechers U.S.A. stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total value of $2,257,920.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Greenberg sold 33,656 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 $2,044,938.56. Following the sale, the president now directly owns 137,530 shares of the company's stock, valued at approximately $8,356,322.80. This represents a 19.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 218,245 shares of company stock worth $13,452,902. Corporate insiders own 24.75% 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.