UMB Bank n.a. Has $46,000 Stock Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

UMB Bank n.a. increased its position in Skechers U.S.A., Inc. (NYSE:SKX) by 53.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 689 shares of the textile maker’s stock after buying an additional 239 shares during the quarter. UMB Bank n.a.’s holdings in Skechers U.S.A. were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SKX. Ellsworth Advisors LLC bought a new position in shares of Skechers U.S.A. during the fourth quarter valued at $4,127,000. Aaron Wealth Advisors LLC bought a new position in Skechers U.S.A. during the 4th quarter worth $222,000. Kera Capital Partners Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth about $233,000. HB Wealth Management LLC acquired a new position in Skechers U.S.A. during the 4th quarter worth about $265,000. Finally, Morton Capital Management LLC CA bought a new stake in shares of Skechers U.S.A. in the 4th quarter valued at about $2,305,000. Institutional investors own 79.96% of the company’s stock.

Insider Transactions at Skechers U.S.A.

In other Skechers U.S.A. news, President Michael Greenberg sold 10,274 shares of Skechers U.S.A. stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $693,289.52. Following the sale, the president now owns 149,327 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, COO David Weinberg sold 8,219 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $554,618.12. Following the transaction, the chief operating officer now directly owns 122,211 shares of the company’s stock, valued at $8,246,798.28. This represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.75% of the company’s stock.

Analysts Set New Price Targets

SKX has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on Skechers U.S.A. in a research note on Friday, November 22nd. They issued a “hold” rating on the stock. Barclays upped their price objective on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Morgan Stanley lifted their target price on shares of 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. StockNews.com upgraded Skechers U.S.A. from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TD Cowen boosted their price objective on Skechers U.S.A. from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Skechers U.S.A. currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Skechers U.S.A. Trading Up 0.4 %

Shares of Skechers U.S.A. stock opened at $75.94 on Friday. The company has a market capitalization of $11.46 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The stock has a fifty day simple moving average of $68.09 and a 200 day simple moving average of $65.89. 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 current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Skechers U.S.A. had a net margin of 7.19% and a return on equity of 13.71%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Skechers U.S.A., Inc. will post 4.24 earnings per share for the current fiscal year.

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.