Skechers U.S.A., Inc. (NYSE:SKX) Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,910 shares of the textile maker's stock after acquiring an additional 6,350 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Skechers U.S.A. were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SKX. Spire Wealth Management raised its stake in 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 purchasing an additional 155 shares during the period. Calamos Wealth Management LLC increased its holdings in shares of Skechers U.S.A. by 0.9% during the 4th quarter. Calamos Wealth Management LLC now owns 18,257 shares of the textile maker's stock worth $1,228,000 after buying an additional 157 shares during the last quarter. Independent Advisor Alliance raised its position in shares of Skechers U.S.A. by 4.7% during the 4th quarter. Independent Advisor Alliance now owns 4,486 shares of the textile maker's stock valued at $302,000 after buying an additional 200 shares during the period. Blue Trust Inc. lifted its holdings in 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 valued at $81,000 after acquiring an additional 207 shares during the last quarter. Finally, X Square Capital LLC grew its position 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 acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 79.96% of the company's stock.

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Insider Activity

In other news, CFO John M. Vandemore sold 5,112 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $60.76, for a total value of $310,605.12. Following the transaction, the chief financial officer now owns 83,328 shares in the company, valued at approximately $5,063,009.28. This represents a 5.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Greenberg sold 52,600 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 three months, insiders have sold 218,245 shares of company stock worth $13,452,902. 24.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SKX has been the topic of a number of research analyst reports. StockNews.com downgraded Skechers U.S.A. from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James reduced their price objective 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. TD Cowen increased their target price on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Barclays reduced their price target on shares of Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, UBS Group lowered their price objective on shares of Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating for the company in a research 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. According to data from MarketBeat, Skechers U.S.A. has an average rating of "Moderate Buy" and an average target price of $78.92.

Skechers U.S.A. Stock Up 0.3 %

NYSE:SKX traded up $0.12 during midday trading on Friday, reaching $49.47. The company had a trading volume of 3,786,343 shares, compared to its average volume of 2,236,894. 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 $7.39 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.11 and a beta of 1.08. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $58.55 and its 200-day simple moving average is $63.96.

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 net margin of 7.13% and a return on equity of 13.73%. On average, sell-side analysts anticipate that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current fiscal year.

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.