Fiduciary Management Inc. WI Has $168.76 Million Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Fiduciary Management Inc. WI cut its stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509,778 shares of the textile maker's stock after selling 15,829 shares during the period. Skechers U.S.A. makes up approximately 1.6% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 24th biggest position. Fiduciary Management Inc. WI owned approximately 1.66% of Skechers U.S.A. worth $168,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC bought a new stake in shares of Skechers U.S.A. in the 4th quarter worth $247,000. Alpha DNA Investment Management LLC acquired a new position in Skechers U.S.A. during the fourth quarter worth about $707,000. Dean Investment Associates LLC lifted its holdings in Skechers U.S.A. by 4.5% in the 4th quarter. Dean Investment Associates LLC now owns 34,377 shares of the textile maker's stock valued at $2,312,000 after acquiring an additional 1,487 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Skechers U.S.A. during the 4th quarter valued at about $185,000. Finally, NewEdge Advisors LLC grew its stake in shares of Skechers U.S.A. by 85.2% in the 4th quarter. NewEdge Advisors LLC now owns 413 shares of the textile maker's stock worth $28,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 79.96% of the company's stock.

Skechers U.S.A. Stock Up 1.8 %

Skechers U.S.A. stock traded up $0.86 during trading hours on Wednesday, hitting $48.89. The company had a trading volume of 5,035,951 shares, compared to its average volume of 2,271,181. The firm's fifty day moving average is $55.77 and its 200-day moving average is $63.03. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. Skechers U.S.A., Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $78.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.73% and a net margin of 7.13%. On average, research analysts forecast that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKX has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group decreased their target price on Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Raymond James cut their target price on Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Bank of America decreased their price target on Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, StockNews.com downgraded Skechers U.S.A. from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Skechers U.S.A. presently has an average rating of "Moderate Buy" and an average target price of $74.67.

Insider Activity

In other Skechers U.S.A. 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 transaction, the chief operating officer now owns 54,499 shares in the company, valued at $3,418,177.28. This trade represents a 39.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John M. Vandemore sold 5,112 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $60.76, for a total transaction of $310,605.12. Following the transaction, the chief financial officer now directly owns 83,328 shares of the company's stock, valued at approximately $5,063,009.28. This represents a 5.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,245 shares of company stock worth $13,452,902 in the last three months. 24.75% of the stock is owned by insiders.

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.