Skechers U.S.A., Inc. (NYSE:SKX) Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC reduced its position in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 4.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,739 shares of the textile maker’s stock after selling 612 shares during the quarter. Vista Investment Partners LLC’s holdings in Skechers U.S.A. were worth $857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in shares of Skechers U.S.A. by 88.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,538 shares of the textile maker’s stock valued at $1,822,000 after purchasing an additional 13,836 shares during the period. Victory Capital Management Inc. lifted its stake in Skechers U.S.A. by 22.3% in the 3rd quarter. Victory Capital Management Inc. now owns 138,893 shares of the textile maker’s stock worth $9,295,000 after acquiring an additional 25,289 shares in the last quarter. Transform Wealth LLC purchased a new stake in shares of Skechers U.S.A. in the third quarter worth approximately $7,186,000. National Bank of Canada FI boosted its holdings in shares of Skechers U.S.A. by 2,340.0% during the third quarter. National Bank of Canada FI now owns 70,710 shares of the textile maker’s stock worth $4,732,000 after purchasing an additional 67,812 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Skechers U.S.A. by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,316,882 shares of the textile maker’s stock valued at $88,126,000 after purchasing an additional 17,429 shares in the last quarter. 79.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SKX has been the subject of a number of research analyst reports. TD Cowen increased their target price on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. StockNews.com raised Skechers U.S.A. from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America lowered their target price on Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Morgan Stanley raised their price target on Skechers U.S.A. from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Skechers U.S.A. from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Skechers U.S.A. presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Skechers U.S.A. Trading Up 0.4 %

Shares of SKX stock opened at $75.94 on Friday. Skechers U.S.A., Inc. has a 12 month low of $55.67 and a 12 month high of $76.67. The company has a market cap of $11.46 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $68.09 and its two-hundred day moving average is $65.89.

Skechers U.S.A. (NYSE:SKX) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. Skechers U.S.A. had a net margin of 7.19% and a return on equity of 13.71%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. Equities analysts predict that Skechers U.S.A., Inc. will post 4.24 EPS for the current year.

Insider Buying and Selling

In related news, President Michael Greenberg sold 10,274 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total transaction of $693,289.52. Following the transaction, the president now directly owns 149,327 shares in the company, valued at $10,076,585.96. The trade was a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David Weinberg sold 8,219 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total value of $554,618.12. Following the completion of the sale, the chief operating officer now owns 122,211 shares of the company’s stock, valued at $8,246,798.28. This represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. 24.75% of the stock is owned by insiders.

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.