Axa S.A. Sells 8,719 Shares of Skechers U.S.A., Inc. (NYSE:SKX)

AXA S.A. reduced its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,200 shares of the textile maker's stock after selling 8,719 shares during the quarter. AXA S.A.'s holdings in Skechers U.S.A. were worth $3,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bwcp LP raised its holdings in Skechers U.S.A. by 21.9% in the 4th quarter. Bwcp LP now owns 377,024 shares of the textile maker's stock worth $25,351,000 after purchasing an additional 67,635 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Skechers U.S.A. by 2.6% in the 4th quarter. AQR Capital Management LLC now owns 1,028,548 shares of the textile maker's stock worth $69,160,000 after acquiring an additional 26,373 shares in the last quarter. Perbak Capital Partners LLP bought a new position in shares of Skechers U.S.A. in the 4th quarter worth about $275,000. Northern Trust Corp increased its stake in shares of Skechers U.S.A. by 29.6% in the 4th quarter. Northern Trust Corp now owns 1,171,106 shares of the textile maker's stock worth $78,745,000 after acquiring an additional 267,778 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Skechers U.S.A. by 604.2% in the fourth quarter. Tudor Investment Corp ET AL now owns 103,692 shares of the textile maker's stock worth $6,972,000 after buying an additional 88,968 shares in the last quarter. 79.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skechers U.S.A.

In other news, 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 completion of the sale, the chief financial officer now owns 83,328 shares in the company, valued at $5,063,009.28. The trade was a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Phillip Paccione sold 10,994 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $56.63, for a total value of $622,590.22. Following the completion of the sale, the general counsel now owns 15,000 shares of the company's stock, valued at $849,450. This trade represents a 42.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,245 shares of company stock valued at $13,452,902 in the last 90 days. 24.78% of the stock is currently owned by insiders.

Skechers U.S.A. Stock Performance

SKX traded up $0.81 during trading on Monday, reaching $62.30. 10,568,824 shares of the company were exchanged, compared to its average volume of 4,703,583. The stock has a market cap of $9.30 billion, a P/E ratio of 15.01, a PEG ratio of 1.11 and a beta of 1.06. The firm has a 50 day moving average of $53.40 and a 200 day moving average of $62.07. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Skechers U.S.A., Inc. has a 52 week low of $44.50 and a 52 week high of $78.85.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.17. Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKX has been the topic of several analyst reports. Raymond James downgraded shares of Skechers U.S.A. from a "moderate buy" rating to a "hold" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their target price on shares of Skechers U.S.A. from $57.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a report on Tuesday, April 22nd. StockNews.com lowered shares of Skechers U.S.A. from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their price target on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Skechers U.S.A. has an average rating of "Hold" and an average price target of $70.00.

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.