OPTIMAS CAPITAL Ltd Makes New $1.21 Million Investment in Skechers U.S.A., Inc. (NYSE:SKX)

OPTIMAS CAPITAL Ltd purchased a new position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,400 shares of the textile maker's stock, valued at approximately $1,209,000.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of Skechers U.S.A. during the 1st quarter worth $25,000. Fred Alger Management LLC purchased a new position in shares of Skechers U.S.A. in the 1st quarter worth $26,000. Huntington National Bank raised its position in shares of Skechers U.S.A. by 861.7% in the 3rd quarter. Huntington National Bank now owns 577 shares of the textile maker's stock worth $28,000 after buying an additional 517 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Skechers U.S.A. in the 3rd quarter worth $31,000. Finally, Lazard Asset Management LLC raised its position in shares of Skechers U.S.A. by 117.7% in the 3rd quarter. Lazard Asset Management LLC now owns 651 shares of the textile maker's stock worth $31,000 after buying an additional 352 shares during the period. Hedge funds and other institutional investors own 79.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Raymond James cut their target price on Skechers U.S.A. from $68.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, February 5th. Monness Crespi & Hardt increased their target price on Skechers U.S.A. from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Bank of America started coverage on Skechers U.S.A. in a research report on Friday, March 8th. They issued a "neutral" rating and a $67.00 target price on the stock. Stifel Nicolaus cut their price objective on Skechers U.S.A. from $72.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Finally, TD Cowen raised their price objective on Skechers U.S.A. from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.58.

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

In other Skechers U.S.A. news, CEO Robert Greenberg sold 30,339 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.11, for a total value of $1,854,016.29. Following the sale, the chief executive officer now directly owns 132,783 shares in the company, valued at $8,114,369.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Robert Greenberg sold 30,339 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.11, for a total transaction of $1,854,016.29. Following the transaction, the chief executive officer now directly owns 132,783 shares of the company's stock, valued at $8,114,369.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark A. Nason sold 6,067 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $61.11, for a total value of $370,754.37. Following the transaction, the executive vice president now directly owns 14,023 shares in the company, valued at $856,945.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 267,480 shares of company stock worth $15,805,349. 24.79% of the stock is owned by insiders.

Skechers U.S.A. Stock Performance

SKX stock traded up $0.06 during mid-day trading on Monday, reaching $61.32. The company had a trading volume of 1,203,181 shares, compared to its average volume of 1,601,803. The company has a quick ratio of 1.46, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $9.40 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.11 and a beta of 1.32. Skechers U.S.A., Inc. has a one year low of $45.58 and a one year high of $65.17. The stock's 50-day simple moving average is $60.56 and its two-hundred day simple moving average is $56.81.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.04. The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.03 billion. Skechers U.S.A. had a return on equity of 12.89% and a net margin of 6.82%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Research analysts anticipate that Skechers U.S.A., Inc. will post 3.82 EPS for the current 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.

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