Jump Financial LLC Boosts Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Jump Financial LLC raised its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX - Free Report) by 87.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,354 shares of the textile maker's stock after acquiring an additional 12,765 shares during the period. Jump Financial LLC's holdings in Skechers U.S.A. were worth $1,705,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SKX. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Skechers U.S.A. by 10.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,898 shares of the textile maker's stock worth $338,000 after buying an additional 678 shares during the last quarter. Raymond James & Associates raised its holdings in Skechers U.S.A. by 20.6% in the 3rd quarter. Raymond James & Associates now owns 11,502 shares of the textile maker's stock valued at $563,000 after acquiring an additional 1,961 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Skechers U.S.A. in the 3rd quarter valued at about $482,000. Park Avenue Securities LLC bought a new position in Skechers U.S.A. in the 3rd quarter valued at about $530,000. Finally, Inspire Investing LLC raised its holdings in Skechers U.S.A. by 4.5% in 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 period. Institutional investors own 79.96% of the company's stock.

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

In other Skechers U.S.A. news, EVP Mark A. Nason sold 6,067 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 value of $370,754.37. Following the sale, the executive vice president now owns 14,023 shares in the company, valued at $856,945.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, President Michael Greenberg sold 25,282 shares of Skechers U.S.A. stock in a transaction 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 transaction, the president now owns 123,441 shares in the company, valued at $7,543,479.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark A. Nason sold 6,067 shares of Skechers U.S.A. stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.11, for a total transaction of $370,754.37. Following the transaction, the executive vice president now owns 14,023 shares in the company, valued at approximately $856,945.53. The disclosure for this sale can be found here. Insiders have sold 81,914 shares of company stock worth $5,005,765 over the last quarter. Corporate insiders own 24.75% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on SKX shares. Monness Crespi & Hardt raised their target price on shares of Skechers U.S.A. from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Barclays started coverage on shares of Skechers U.S.A. in a report on Monday, April 1st. They set an "overweight" rating and a $71.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Skechers U.S.A. from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, February 2nd. Raymond James lowered 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 report on Monday, February 5th. Finally, Wedbush raised their target price on shares of Skechers U.S.A. from $68.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Skechers U.S.A. Price Performance

NYSE:SKX traded up $0.37 during mid-day trading on Wednesday, reaching $69.37. The stock had a trading volume of 1,096,500 shares, compared to its average volume of 1,694,554. Skechers U.S.A., Inc. has a 12 month low of $45.58 and a 12 month high of $69.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.56. The stock has a market capitalization of $10.58 billion, a PE ratio of 18.26, a P/E/G ratio of 1.19 and a beta of 1.29. The stock has a 50-day simple moving average of $61.32 and a two-hundred day simple moving average of $59.75.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its earnings results on Thursday, April 25th. The textile maker reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.23. Skechers U.S.A. had a net margin of 7.17% and a return on equity of 13.56%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter last year, the business posted $1.02 earnings per share. The company's quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that Skechers U.S.A., Inc. will post 4.07 earnings per share 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.