Skechers U.S.A., Inc. (NYSE:SKX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,034 shares of the textile maker's stock after selling 56,032 shares during the quarter. SG Americas Securities LLC's holdings in Skechers U.S.A. were worth $376,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janney Capital Management LLC raised its stake in shares of Skechers U.S.A. by 2.8% in the third quarter. Janney Capital Management LLC now owns 8,646 shares of the textile maker's stock valued at $423,000 after buying an additional 233 shares during the period. Inspire Investing LLC raised its stake in shares of Skechers U.S.A. by 4.5% in the third quarter. Inspire Investing LLC now owns 6,230 shares of the textile maker's stock valued at $305,000 after buying an additional 268 shares during the period. Verity Asset Management Inc. raised its stake in shares of Skechers U.S.A. by 2.0% in the second quarter. Verity Asset Management Inc. now owns 14,054 shares of the textile maker's stock valued at $740,000 after buying an additional 275 shares during the period. SageView Advisory Group LLC raised its stake in shares of Skechers U.S.A. by 3.0% in the third quarter. SageView Advisory Group LLC now owns 9,428 shares of the textile maker's stock valued at $462,000 after buying an additional 276 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Skechers U.S.A. by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 35,699 shares of the textile maker's stock valued at $1,132,000 after buying an additional 312 shares during the period. 79.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Robert Greenberg sold 30,339 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 132,783 shares of the company's stock, valued at approximately $8,114,369.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the completion of the transaction, the chief operating officer now owns 141,405 shares of the company's stock, valued at approximately $8,183,107.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Greenberg sold 30,339 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.11, for a total value 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 approximately $8,114,369.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,875 shares of company stock valued at $15,021,192. Insiders own 24.79% of the company's stock.

Skechers U.S.A. Price Performance

Shares of SKX traded up $0.23 during midday trading on Monday, reaching $58.23. The stock had a trading volume of 1,341,929 shares, compared to its average volume of 1,585,880. The company's 50-day moving average is $60.15 and its 200 day moving average is $57.19. Skechers U.S.A., Inc. has a 12-month low of $45.58 and a 12-month high of $65.17. The company has a current ratio of 2.38, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32.

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

Wall Street Analysts Forecast Growth

SKX has been the subject of several recent research reports. Bank of America initiated coverage on Skechers U.S.A. in a research report on Friday, March 8th. They issued a "neutral" rating and a $67.00 price target for the company. Evercore ISI initiated coverage on Skechers U.S.A. in a research report on Thursday, February 15th. They issued an "outperform" rating and a $73.00 price target for the company. Barclays initiated coverage on Skechers U.S.A. in a research report on Monday, April 1st. They issued an "overweight" rating and a $71.00 price target for the company. TD Cowen lifted their price target 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. Finally, Raymond James reduced their target price on Skechers U.S.A. from $68.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.58.

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.