Dimensional Fund Advisors LP Has $148.74 Million Stock Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Dimensional Fund Advisors LP raised its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,212,020 shares of the textile maker's stock after acquiring an additional 357,681 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of Skechers U.S.A. worth $148,743,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake in shares of 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 valued at $100,000 after purchasing an additional 155 shares in the last quarter. Calamos Wealth Management LLC increased its stake in 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 valued at $1,228,000 after buying an additional 157 shares during the period. Cerity Partners LLC raised its position in shares of Skechers U.S.A. by 1.2% during the 4th quarter. Cerity Partners LLC now owns 14,090 shares of the textile maker's stock worth $947,000 after buying an additional 172 shares in the last quarter. NewEdge Advisors LLC lifted 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 acquiring an additional 190 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Skechers U.S.A. by 4.7% in the fourth quarter. Independent Advisor Alliance now owns 4,486 shares of the textile maker's stock valued at $302,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on SKX. Barclays dropped their target price on Skechers U.S.A. from $77.00 to $53.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Bank of America dropped their price objective on Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Morgan Stanley dropped their price target on shares of Skechers U.S.A. from $80.00 to $73.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Monness Crespi & Hardt reduced their price objective 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, UBS Group lowered their price objective on shares of Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Skechers U.S.A. currently has a consensus rating of "Moderate Buy" and an average price target of $69.62.

Insider Activity at Skechers U.S.A.

In related news, CEO Robert Greenberg sold 52,600 shares of Skechers U.S.A. stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total value of $3,299,072.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Weinberg sold 36,000 shares of the company's stock in a transaction 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 sale, the chief operating officer now owns 54,499 shares of the company's stock, valued at $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. In the last quarter, insiders sold 218,245 shares of company stock valued at $13,452,902. 24.78% of the stock is owned by corporate insiders.

Skechers U.S.A. Stock Down 1.4 %

Shares of NYSE:SKX traded down $0.66 during trading on Wednesday, reaching $48.02. 3,623,304 shares of the company traded hands, compared to its average volume of 2,299,289. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.17 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The firm has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $62.32.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. Analysts anticipate that Skechers U.S.A., Inc. will post 4.47 earnings per share 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.