SageView Advisory Group LLC decreased its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX – Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,869 shares of the textile maker’s stock after selling 3,559 shares during the period. SageView Advisory Group LLC’s holdings in Skechers U.S.A. were worth $375,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Skechers U.S.A. during the 4th quarter valued at about $36,000. DekaBank Deutsche Girozentrale bought a new stake in Skechers U.S.A. during the third quarter worth about $31,000. Tradition Wealth Management LLC bought a new stake in Skechers U.S.A. during the fourth quarter worth about $56,000. Planned Solutions Inc. bought a new stake in Skechers U.S.A. during the fourth quarter worth about $70,000. Finally, Meeder Asset Management Inc. bought a new stake in Skechers U.S.A. during the fourth quarter worth about $77,000. Institutional investors own 79.96% of the company’s stock.
Skechers U.S.A. Stock Up 0.4 %
SKX opened at $73.16 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.39 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $66.82 and a 200-day moving average price of $63.02. Skechers U.S.A., Inc. has a twelve month low of $45.58 and a twelve month high of $75.09. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.05 and a beta of 1.28.
Wall Street Analysts Forecast Growth
Several research firms recently commented on SKX. Bank of America raised shares of Skechers U.S.A. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $87.00 in a research note on Friday, June 7th. Stifel Nicolaus boosted their price objective on shares of Skechers U.S.A. from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company began coverage on shares of Skechers U.S.A. in a research note on Wednesday, June 12th. They set an “overweight” rating and a $83.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $82.00 price objective on shares of Skechers U.S.A. in a research note on Thursday, June 13th. Finally, Barclays began coverage on shares of Skechers U.S.A. in a report on Monday, April 1st. They issued an “overweight” rating and a $71.00 target price for the company. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.
Get Our Latest Stock Analysis on SKX
Insider Activity
In other news, General Counsel Phillip Paccione sold 423 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $69.45, for a total transaction of $29,377.35. Following the completion of the transaction, the general counsel now directly owns 35,000 shares of the company’s stock, valued at $2,430,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.75% of the stock is owned by corporate insiders.
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.
See Also
- Five stocks we like better than Skechers U.S.A.
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Outlook Therapeutics: Analysts Forecast Over 500% Stock Upside
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Campbell Soup Co. Targets Fiscal Q4 Stock Recovery
- What is a Stock Market Index and How Do You Use Them?
- Zebra Analysts Upgrade Stock, Forecasting Major Reversal
Receive News & Ratings for Skechers U.S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. and related companies with MarketBeat.com's FREE daily email newsletter.