Vanguard Personalized Indexing Management LLC Has $811,000 Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Vanguard Personalized Indexing Management LLC lifted its holdings in Skechers U.S.A., Inc. (NYSE:SKX) by 134.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,016 shares of the textile maker’s stock after acquiring an additional 7,457 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Skechers U.S.A. were worth $811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SKX. Huntington National Bank lifted its holdings in Skechers U.S.A. by 861.7% during the 3rd quarter. Huntington National Bank now owns 577 shares of the textile maker’s stock worth $28,000 after buying an additional 517 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Skechers U.S.A. during the 3rd quarter worth $31,000. GAMMA Investing LLC acquired a new position in Skechers U.S.A. during the 4th quarter worth $36,000. Planned Solutions Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth $70,000. Finally, Meeder Asset Management Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth $77,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Skechers U.S.A. news, COO David Weinberg sold 20,226 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.11, for a total transaction of $1,236,010.86. Following the completion of the transaction, the chief operating officer now owns 99,655 shares in the company, valued at approximately $6,089,917.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Skechers U.S.A. news, COO David Weinberg sold 20,226 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.11, for a total transaction of $1,236,010.86. Following the completion of the transaction, the chief operating officer now owns 99,655 shares in the company, valued at approximately $6,089,917.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Greenberg sold 25,282 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.11, for a total value of $1,544,983.02. Following the transaction, the president now owns 123,441 shares of the company’s stock, valued at approximately $7,543,479.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,914 shares of company stock worth $5,005,765. Corporate insiders own 24.75% of the company’s stock.

Skechers U.S.A. Price Performance

SKX opened at $68.40 on Wednesday. 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., Inc. has a 12 month low of $45.58 and a 12 month high of $69.80. The company has a fifty day simple moving average of $62.10 and a 200 day simple moving average of $60.49. The stock has a market cap of $10.43 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.20 and a beta of 1.29.

Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.33 EPS 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 business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, research analysts expect that Skechers U.S.A., Inc. will post 4.06 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on SKX. Evercore ISI reduced their price objective on 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 reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Skechers U.S.A. in a report on Friday, May 17th. Barclays began coverage on shares of Skechers U.S.A. in a research report on Monday, April 1st. They set an “overweight” rating and a $71.00 target price for the company. Raymond James dropped their target price on shares of Skechers U.S.A. from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, February 5th. Finally, Stifel Nicolaus dropped their target price on shares of Skechers U.S.A. from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.83.

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.