Skechers U.S.A., Inc. (NYSE:SKX) Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,483 shares of the textile maker's stock after selling 13,349 shares during the quarter. Strs Ohio's holdings in Skechers U.S.A. were worth $1,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Capital Management LLC boosted its stake in Skechers U.S.A. by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 8,646 shares of the textile maker's stock valued at $423,000 after purchasing an additional 233 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Skechers U.S.A. by 4.5% during the 3rd quarter. Inspire Investing LLC now owns 6,230 shares of the textile maker's stock valued at $305,000 after acquiring an additional 268 shares during the last quarter. SageView Advisory Group LLC lifted its position in shares of Skechers U.S.A. by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 9,428 shares of the textile maker's stock valued at $462,000 after acquiring an additional 276 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Skechers U.S.A. by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 35,699 shares of the textile maker's stock valued at $1,132,000 after acquiring an additional 312 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Skechers U.S.A. by 0.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 48,476 shares of the textile maker's stock valued at $2,373,000 after acquiring an additional 326 shares during the last quarter. 79.96% of the stock is owned by institutional investors.

Skechers U.S.A. Stock Down 0.8 %

Skechers U.S.A. stock traded down $0.45 during mid-day trading on Friday, hitting $56.41. 4,955,635 shares of the company's stock were exchanged, compared to its average volume of 1,262,601. 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 stock has a market cap of $8.65 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.02 and a beta of 1.32. Skechers U.S.A., Inc. has a 1-year low of $45.58 and a 1-year high of $65.17. The stock has a 50 day moving average of $59.67 and a two-hundred day moving average of $57.75.

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, topping 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business earned $0.48 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Skechers U.S.A., Inc. will post 3.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Greenberg sold 30,339 shares of Skechers U.S.A. stock in a transaction dated 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 sale, the chief executive officer now directly owns 132,783 shares of the company's stock, valued at $8,114,369.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Robert Greenberg sold 30,339 shares of Skechers U.S.A. 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 completion of the transaction, the chief executive officer now owns 132,783 shares in the company, valued at $8,114,369.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Greenberg sold 25,282 shares of the firm'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 transaction of $1,544,983.02. Following the completion of the sale, the president now directly owns 123,441 shares of the company's stock, valued at approximately $7,543,479.51. The disclosure for this sale can be found here. Insiders have sold a total of 254,875 shares of company stock valued at $15,021,192 over the last three months. 24.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays assumed coverage on Skechers U.S.A. in a research report on Monday, April 1st. They set an "overweight" rating and a $71.00 price objective for the company. Stifel Nicolaus reduced their target price on 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. TD Cowen increased their target price on Skechers U.S.A. from $70.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Bank of America assumed coverage on Skechers U.S.A. in a report on Friday, March 8th. They issued a "neutral" rating and a $67.00 target price for the company. Finally, Evercore ISI reduced their target price on Skechers U.S.A. from $73.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.17.

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.