1,074,840 Shares in Skechers U.S.A., Inc. (NYSE:SKX) Purchased by Duquesne Family Office LLC

Duquesne Family Office LLC acquired a new position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,074,840 shares of the textile maker's stock, valued at approximately $72,272,000. Skechers U.S.A. accounts for about 1.9% of Duquesne Family Office LLC's portfolio, making the stock its 11th biggest position. Duquesne Family Office LLC owned about 0.71% of Skechers U.S.A. as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in shares of Skechers U.S.A. by 3.0% in the 4th quarter. Cetera Investment Advisers now owns 33,166 shares of the textile maker's stock valued at $2,230,000 after buying an additional 951 shares during the period. Brevan Howard Capital Management LP lifted its holdings in shares of Skechers U.S.A. by 102.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 42,245 shares of the textile maker's stock valued at $2,841,000 after buying an additional 21,363 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Skechers U.S.A. by 8.9% in the 4th quarter. Captrust Financial Advisors now owns 5,624 shares of the textile maker's stock valued at $378,000 after buying an additional 461 shares during the period. Baldwin Investment Management LLC lifted its holdings in shares of Skechers U.S.A. by 12.7% in the 4th quarter. Baldwin Investment Management LLC now owns 11,575 shares of the textile maker's stock valued at $778,000 after buying an additional 1,300 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of Skechers U.S.A. in the 4th quarter valued at approximately $2,542,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Skechers U.S.A. Trading Up 1.1%

Skechers U.S.A. stock traded up $0.67 during trading on Monday, hitting $62.16. The company's stock had a trading volume of 8,544,082 shares, compared to its average volume of 2,940,864. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.11 and a beta of 1.06. The stock's fifty day moving average is $53.40 and its 200 day moving average is $62.07. 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 debt-to-equity ratio of 0.01, a quick ratio of 1.12 and a current ratio of 1.97.

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

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

In other news, CFO John M. Vandemore sold 5,112 shares of the company's 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 completion of the sale, the chief financial officer now owns 83,328 shares of the company's stock, valued at $5,063,009.28. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Greenberg sold 52,600 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 61,367 shares of the company's stock, valued at $3,848,938.24. The trade was a 46.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 218,245 shares of company stock valued at $13,452,902. Company insiders own 24.78% of the company's stock.

Analyst Ratings Changes

SKX has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price target on Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Bank of America reduced their price objective on Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating for the company in a report on Monday, March 24th. StockNews.com cut Skechers U.S.A. from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. UBS Group reaffirmed a "neutral" rating and set a $63.00 price objective (down from $64.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $63.00 price objective (down from $73.00) on shares of Skechers U.S.A. in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Skechers U.S.A. currently has an average rating of "Hold" and a consensus target price of $70.00.

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.