Skechers U.S.A., Inc. (NYSE:SKX) Position Boosted by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its position in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 371.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 758,469 shares of the textile maker's stock after purchasing an additional 597,702 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.49% of Skechers U.S.A. worth $47,282,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in shares of Skechers U.S.A. by 13,753.3% in the fourth quarter. International Assets Investment Management LLC now owns 12,468 shares of the textile maker's stock valued at $777,000 after purchasing an additional 12,378 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in shares of Skechers U.S.A. by 126.7% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 10,374 shares of the textile maker's stock worth $647,000 after buying an additional 5,797 shares during the last quarter. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Skechers U.S.A. in the fourth quarter worth about $1,209,000. Oak Thistle LLC purchased a new stake in shares of Skechers U.S.A. in the fourth quarter worth about $483,000. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of Skechers U.S.A. in the fourth quarter worth about $289,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Skechers U.S.A.

In related news, COO David Weinberg sold 67,390 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $3,899,859.30. Following the transaction, the chief operating officer now owns 141,405 shares in the company, valued at approximately $8,183,107.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of Skechers U.S.A. stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $3,899,859.30. Following the sale, the chief operating officer now owns 141,405 shares of the company's stock, valued at approximately $8,183,107.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Greenberg sold 99,139 shares of Skechers U.S.A. stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $57.87, for a total value of $5,737,173.93. Following the completion of the sale, the chief executive officer now directly owns 196,050 shares in the company, valued at approximately $11,345,413.50. The disclosure for this sale can be found here. Insiders have sold 254,875 shares of company stock worth $15,021,192 in the last quarter. Company insiders own 24.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SKX shares. TD Cowen upped their target price on Skechers U.S.A. from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Raymond James lowered their price target 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. Evercore ISI assumed coverage on Skechers U.S.A. in a research report on Thursday, February 15th. They set an "outperform" rating and a $73.00 price target on the stock. Bank of America assumed coverage on Skechers U.S.A. in a research report on Friday, March 8th. They set a "neutral" rating and a $67.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.58.

Skechers U.S.A. Stock Performance

Shares of SKX traded down $0.08 during midday trading on Friday, reaching $58.00. 1,062,124 shares of the stock were exchanged, compared to its average volume of 1,283,456. The business's 50-day moving average price is $60.27 and its 200 day moving average price is $56.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 1.46. Skechers U.S.A., Inc. has a twelve month low of $45.58 and a twelve month high of $65.17. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.05 and a beta of 1.32.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. The business 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 business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, sell-side analysts expect that Skechers U.S.A., Inc. will post 3.82 EPS for the current fiscal year.

Skechers U.S.A. 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.