28,841 Shares in Skechers U.S.A., Inc. (NYSE:SKX) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new stake in Skechers U.S.A., Inc. (NYSE:SKX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,841 shares of the textile maker's stock, valued at approximately $1,798,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SKX. State Street Corp increased its holdings in Skechers U.S.A. by 3.4% during the third quarter. State Street Corp now owns 4,778,584 shares of the textile maker's stock worth $151,577,000 after buying an additional 157,862 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Skechers U.S.A. by 2.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,770,584 shares of the textile maker's stock worth $233,520,000 after buying an additional 112,517 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Skechers U.S.A. by 6.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,784,301 shares of the textile maker's stock worth $99,065,000 after buying an additional 165,147 shares during the last quarter. Capital Research Global Investors increased its holdings in Skechers U.S.A. by 4.8% during the first quarter. Capital Research Global Investors now owns 2,200,000 shares of the textile maker's stock worth $89,672,000 after buying an additional 100,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Skechers U.S.A. by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,145,473 shares of the textile maker's stock worth $87,454,000 after purchasing an additional 181,445 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company's stock.

Insider Buying and Selling

In other news, COO David Weinberg sold 67,390 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the completion of the sale, the chief operating officer now owns 141,405 shares of the company's stock, valued at $8,183,107.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO David Weinberg sold 67,390 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the transaction, 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 SEC, which is available at this hyperlink. Also, CEO Robert Greenberg sold 99,139 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $5,737,173.93. Following the completion of the transaction, 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. In the last quarter, insiders sold 254,875 shares of company stock valued at $15,021,192. 24.79% of the stock is owned by corporate insiders.

Skechers U.S.A. Price Performance

Shares of NYSE SKX traded down $0.95 during midday trading on Friday, reaching $56.17. 1,176,407 shares of the stock traded hands, compared to its average volume of 1,208,260. The stock has a market capitalization of $8.61 billion, a PE ratio of 16.09, a P/E/G ratio of 1.03 and a beta of 1.32. The company's 50 day moving average is $59.79 and its 200 day moving average is $57.39. Skechers U.S.A., Inc. has a one year low of $45.58 and a one year high of $65.17. 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. (NYSE:SKX - Get Free Report) last released its quarterly 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. 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 net margin of 6.82% and a return on equity of 12.89%. The company's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, equities research analysts anticipate that Skechers U.S.A., Inc. will post 3.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SKX shares. Barclays assumed coverage on shares of Skechers U.S.A. in a research note on Monday, April 1st. They issued an "overweight" rating and a $71.00 target price for the company. Bank of America started coverage on shares of Skechers U.S.A. in a report on Friday, March 8th. They issued a "neutral" rating and a $67.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Skechers U.S.A. from $72.00 to $70.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Raymond James decreased their target price on shares of Skechers U.S.A. from $68.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, February 5th. Finally, TD Cowen upped their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.