4,350 Shares in Skechers U.S.A., Inc. (NYSE:SKX) Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. bought a new position in shares of Skechers U.S.A., Inc. (NYSE:SKX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,350 shares of the textile maker’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently bought and sold shares of SKX. Pacer Advisors Inc. boosted its holdings in shares of Skechers U.S.A. by 6,521.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,456,599 shares of the textile maker’s stock valued at $90,804,000 after purchasing an additional 1,434,601 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Skechers U.S.A. by 371.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 758,469 shares of the textile maker’s stock valued at $47,282,000 after purchasing an additional 597,702 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Skechers U.S.A. by 72.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,311,246 shares of the textile maker’s stock valued at $64,185,000 after purchasing an additional 552,452 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Skechers U.S.A. by 138.2% in the 3rd quarter. Invesco Ltd. now owns 770,710 shares of the textile maker’s stock valued at $37,726,000 after purchasing an additional 447,192 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. acquired a new position in shares of Skechers U.S.A. in the 3rd quarter valued at $13,750,000. Institutional investors and hedge funds own 79.96% of the company’s stock.

Skechers U.S.A. Stock Down 0.2 %

Shares of SKX traded down $0.14 during midday trading on Tuesday, hitting $66.05. The company had a trading volume of 2,081,689 shares, compared to its average volume of 1,738,150. The company’s 50 day moving average price is $60.02 and its 200 day moving average price is $58.42. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.12 and a beta of 1.32. Skechers U.S.A., Inc. has a 52 week low of $45.58 and a 52 week high of $69.07. The company has a quick ratio of 1.56, a current ratio of 2.39 and a debt-to-equity ratio of 0.02.

Skechers U.S.A. (NYSE:SKX) last released its earnings results on Thursday, April 25th. The textile maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. Skechers U.S.A. had a net margin of 7.17% and a return on equity of 13.56%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS. On average, equities research analysts predict that Skechers U.S.A., Inc. will post 4.06 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI reduced their target price on shares of Skechers U.S.A. from $73.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Wedbush lifted their target price on shares of Skechers U.S.A. from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen lifted their target price on shares of Skechers U.S.A. from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Stifel Nicolaus reduced 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. Finally, Bank of America initiated coverage on shares of Skechers U.S.A. in a report on Friday, March 8th. They set a “neutral” rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.83.

Insider Activity at Skechers U.S.A.

In related news, EVP Mark A. Nason sold 6,067 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.11, for a total transaction of $370,754.37. Following the completion of the sale, the executive vice president now owns 14,023 shares of the company’s stock, valued at approximately $856,945.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Skechers U.S.A. news, CEO Robert Greenberg sold 99,139 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 $5,737,173.93. Following the completion of the transaction, the chief executive officer now directly owns 196,050 shares of the company’s stock, valued at approximately $11,345,413.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Nason sold 6,067 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.11, for a total transaction of $370,754.37. Following the transaction, the executive vice president now directly owns 14,023 shares of the company’s stock, valued at $856,945.53. The disclosure for this sale can be found here. Insiders sold a total of 254,875 shares of company stock valued at $15,021,192 in the last quarter. Insiders own 24.75% of the company’s stock.

Skechers U.S.A. Company 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.