Skechers U.S.A., Inc. (NYSE:SKX) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its holdings in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 68.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,745 shares of the textile maker's stock after purchasing an additional 253,045 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.41% of Skechers U.S.A. worth $41,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in Skechers U.S.A. by 423.3% in the third quarter. UMB Bank n.a. now owns 450 shares of the textile maker's stock valued at $30,000 after purchasing an additional 364 shares during the period. Venturi Wealth Management LLC grew its stake in Skechers U.S.A. by 52.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker's stock valued at $58,000 after acquiring an additional 299 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Skechers U.S.A. in the 4th quarter worth $65,000. Brooklyn Investment Group purchased a new stake in Skechers U.S.A. in the 3rd quarter worth $67,000. Finally, Blue Trust Inc. raised its position in Skechers U.S.A. by 778.1% during the third quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker's stock worth $69,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Trading Down 12.6 %

Shares of SKX stock traded down $9.56 on Friday, hitting $66.06. 10,536,456 shares of the stock traded hands, compared to its average volume of 1,980,609. Skechers U.S.A., Inc. has a twelve month low of $55.67 and a twelve month high of $78.85. The stock has a market capitalization of $9.97 billion, a PE ratio of 15.92, a PEG ratio of 0.95 and a beta of 1.19. The firm's 50-day moving average price is $70.55 and its two-hundred day moving average price is $66.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.96.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its quarterly earnings results 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 13.81%. As a group, analysts anticipate that Skechers U.S.A., Inc. will post 4.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SKX shares. Evercore ISI boosted their target price on shares of Skechers U.S.A. from $72.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Bank of America cut their price objective on Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their target price on Skechers U.S.A. from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus dropped 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 report on Friday. Finally, UBS Group decreased their price objective on Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Skechers U.S.A. presently has an average rating of "Moderate Buy" and a consensus price target of $81.50.

Insider Buying and Selling

In other Skechers U.S.A. news, President Michael Greenberg sold 10,274 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $693,289.52. Following the transaction, the president now owns 149,327 shares of the company's stock, valued at $10,076,585.96. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO David Weinberg sold 8,219 shares of Skechers U.S.A. stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $554,618.12. Following the sale, the chief operating officer now owns 122,211 shares of the company's stock, valued at approximately $8,246,798.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by company insiders.

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.