UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 111,386 Shares of Skechers U.S.A., Inc. (NYSE:SKX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,320 shares of the textile maker's stock after selling 111,386 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Skechers U.S.A. worth $25,371,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SKX. NewEdge Advisors LLC grew its position in shares of Skechers U.S.A. by 85.2% during the fourth 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 last quarter. TD Private Client Wealth LLC raised its stake in shares of Skechers U.S.A. by 534.3% during the fourth quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker's stock valued at $29,000 after purchasing an additional 358 shares in the last quarter. IFP Advisors Inc raised its position in Skechers U.S.A. by 62.4% in the fourth quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock worth $55,000 after acquiring an additional 317 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Skechers U.S.A. in the fourth quarter worth about $65,000. Finally, Blue Trust Inc. raised its position in Skechers U.S.A. by 20.7% in the fourth quarter. Blue Trust Inc. now owns 1,208 shares of the textile maker's stock worth $81,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays reissued an "equal weight" rating and issued a $63.00 price target (up previously from $53.00) on shares of Skechers U.S.A. in a research note on Tuesday, May 6th. Wall Street Zen initiated coverage on Skechers U.S.A. in a research note on Thursday, May 22nd. They set a "sell" rating on the stock. Monness Crespi & Hardt cut Skechers U.S.A. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Bank of America lowered their target price 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. Finally, Evercore ISI lowered their target price on Skechers U.S.A. from $78.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $67.69.

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

In related 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert Greenberg sold 40,924 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 value of $2,486,542.24. Following the sale, the chief executive officer now owns 51,342 shares in the company, valued at $3,119,539.92. This represents a 44.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,599 shares of company stock valued at $7,099,910 in the last three months. Corporate insiders own 24.78% of the company's stock.

Skechers U.S.A. Stock Up 0.0%

Shares of NYSE:SKX traded up $0.02 during mid-day trading on Friday, reaching $62.05. 6,572,125 shares of the stock were exchanged, compared to its average volume of 3,233,626. 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 company has a market cap of $9.28 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.11 and a beta of 1.06. Skechers U.S.A., Inc. has a one year low of $44.50 and a one year high of $78.85. The stock's 50 day simple moving average is $54.79 and its 200-day simple moving average is $62.09.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company earned $1.33 earnings per share. Skechers U.S.A.'s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts predict that Skechers U.S.A., Inc. will post 4.47 EPS for the current year.

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.