Skechers U.S.A., Inc. (NYSE:SKX) Stock Holdings Increased by Bwcp LP

Bwcp LP lifted its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 377,024 shares of the textile maker's stock after acquiring an additional 67,635 shares during the quarter. Skechers U.S.A. makes up 5.5% of Bwcp LP's investment portfolio, making the stock its 4th largest position. Bwcp LP owned approximately 0.25% of Skechers U.S.A. worth $25,351,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Skechers U.S.A. in the 4th quarter worth approximately $105,741,000. Anomaly Capital Management LP grew its holdings in Skechers U.S.A. by 51.2% in the 4th quarter. Anomaly Capital Management LP now owns 2,989,015 shares of the textile maker's stock worth $200,981,000 after acquiring an additional 1,011,815 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Skechers U.S.A. by 70.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,308,283 shares of the textile maker's stock valued at $155,209,000 after purchasing an additional 953,528 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Skechers U.S.A. by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,212,020 shares of the textile maker's stock valued at $148,743,000 after acquiring an additional 357,681 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Skechers U.S.A. by 545.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 332,813 shares of the textile maker's stock worth $22,378,000 after purchasing an additional 281,234 shares during the period. Hedge funds and other institutional investors own 79.96% of the company's stock.

Insider Buying and Selling

In other news, CEO Robert Greenberg sold 52,600 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total transaction of $3,299,072.00. Following the completion of the transaction, the chief executive officer now directly owns 61,367 shares in the company, valued at approximately $3,848,938.24. This represents a 46.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David Weinberg sold 36,000 shares of the company'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 transaction of $2,257,920.00. Following the completion of the transaction, the chief operating officer now owns 54,499 shares in the company, valued at approximately $3,418,177.28. This represents a 39.78 % 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. Insiders own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SKX. Raymond James lowered their price objective on Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. TD Cowen lifted their price target 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. Stifel Nicolaus lowered their price objective 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. Monness Crespi & Hardt dropped their price target on shares of Skechers U.S.A. from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Barclays dropped their price target on Skechers U.S.A. from $77.00 to $53.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.62.

Skechers U.S.A. Price Performance

NYSE SKX traded up $1.55 during trading hours on Friday, hitting $49.28. 3,604,934 shares of the company's stock traded hands, compared to its average volume of 2,316,244. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12. The firm's 50-day moving average is $53.28 and its 200-day moving average is $62.10. Skechers U.S.A., Inc. has a 52-week low of $44.50 and a 52-week high of $78.85. The company has a market capitalization of $7.36 billion, a PE ratio of 11.87, a PEG ratio of 1.11 and a beta of 1.06.

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 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.17. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.43 billion. Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. Equities analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

About Skechers U.S.A.

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.