Fuller & Thaler Asset Management Inc. Buys 269,481 Shares of Skechers U.S.A., Inc. (NYSE:SKX)

Fuller & Thaler Asset Management Inc. lifted its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 1,788.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,551 shares of the textile maker's stock after acquiring an additional 269,481 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.19% of Skechers U.S.A. worth $19,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in 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 purchasing an additional 190 shares during the period. TD Private Client Wealth LLC grew its position in shares of Skechers U.S.A. by 534.3% in 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 during the last quarter. UMB Bank n.a. lifted its holdings in Skechers U.S.A. by 53.1% during the 4th quarter. UMB Bank n.a. now owns 689 shares of the textile maker's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. IFP Advisors Inc boosted its stake in Skechers U.S.A. by 62.4% in the 4th quarter. IFP Advisors Inc now owns 825 shares of the textile maker's stock valued at $55,000 after purchasing an additional 317 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Skechers U.S.A. in the 4th quarter valued at $65,000. 79.96% of the stock is currently owned by institutional investors and hedge funds.

Skechers U.S.A. Stock Down 2.3 %

Shares of NYSE SKX traded down $1.13 during mid-day trading on Wednesday, reaching $47.55. 951,559 shares of the company's stock traded hands, compared to its average volume of 2,288,078. The stock has a market cap of $7.10 billion, a P/E ratio of 11.46, a PEG ratio of 1.11 and a beta of 1.08. Skechers U.S.A., Inc. has a 1-year low of $44.50 and a 1-year high of $78.85. The business has a 50-day simple moving average of $54.11 and a 200 day simple moving average of $62.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its earnings results on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, topping 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 net margin of 7.13% and a return on equity of 13.73%. The business's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. On average, analysts expect that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

Insider Activity

In other Skechers U.S.A. news, COO David Weinberg sold 36,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total value of $2,257,920.00. Following the sale, the chief operating officer now directly owns 54,499 shares in the company, valued at $3,418,177.28. This represents a 39.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark A. Nason sold 12,046 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $66.08, for a total transaction of $795,999.68. Following the completion of the transaction, the executive vice president now directly owns 25,675 shares in the company, valued at approximately $1,696,604. The trade was a 31.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,245 shares of company stock valued at $13,452,902 over the last three months. Corporate insiders own 24.78% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SKX shares. StockNews.com downgraded shares of Skechers U.S.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America dropped their target price on shares of Skechers U.S.A. from $76.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Wells Fargo & Company lowered their price objective on shares of Skechers U.S.A. from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday. Morgan Stanley reduced 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 note on Friday, April 25th. Finally, UBS Group reduced their price target on Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.62.

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.