17,989 Shares in Skechers U.S.A., Inc. (NYSE:SKX) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,989 shares of the textile maker's stock, valued at approximately $1,210,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth $12,852,000. Schroder Investment Management Group grew its position in shares of Skechers U.S.A. by 11.3% during the fourth quarter. Schroder Investment Management Group now owns 177,343 shares of the textile maker's stock worth $12,010,000 after buying an additional 18,024 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Skechers U.S.A. during the fourth quarter worth about $5,804,000. Frontier Capital Management Co. LLC acquired a new position in shares of Skechers U.S.A. during the fourth quarter worth about $17,589,000. Finally, Assenagon Asset Management S.A. grew its holdings in Skechers U.S.A. by 15.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 120,007 shares of the textile maker's stock worth $8,069,000 after acquiring an additional 15,874 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Skechers U.S.A. Stock Performance

NYSE:SKX traded down $0.02 during trading hours on Wednesday, reaching $62.05. 9,445,039 shares of the company's stock were exchanged, compared to its average volume of 3,106,591. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.11 and a beta of 1.06. The company has a 50-day moving average of $54.21 and a 200 day moving average of $62.10. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

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

Analysts Set New Price Targets

Several research firms have commented on SKX. Stifel Nicolaus lowered their price target on shares of 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. Monness Crespi & Hardt downgraded shares of Skechers U.S.A. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. 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 research report on Wednesday, May 7th. Barclays reaffirmed an "equal weight" rating and set a $63.00 price objective (up from $53.00) on shares of Skechers U.S.A. in a research report on Tuesday, May 6th. Finally, Raymond James downgraded Skechers U.S.A. from a "moderate buy" rating to a "hold" rating in a report on Monday, May 5th. 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, the stock has an average rating of "Hold" and a consensus price target of $70.00.

Insiders Place Their Bets

In related news, CEO Robert Greenberg sold 40,924 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $60.76, for a total transaction of $2,486,542.24. Following the completion of the sale, the chief executive officer now directly owns 51,342 shares of the company's stock, valued at $3,119,539.92. This trade represents a 44.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Greenberg sold 33,656 shares of the firm'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 $2,044,938.56. Following the completion of the sale, the president now owns 137,530 shares of the company's stock, valued at $8,356,322.80. This trade represents a 19.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,599 shares of company stock valued at $7,099,910. 24.78% of the stock is owned by company insiders.

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.