Skechers U.S.A., Inc. (SKX) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 434,414 shares of the textile maker’s stock after buying an additional 30,916 shares during the period. Wells Fargo & Company MN owned approximately 0.28% of Skechers U.S.A. worth $12,815,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Skechers U.S.A. by 3,136.5% during the first quarter. BlackRock Inc. now owns 11,190,173 shares of the textile maker’s stock worth $307,170,000 after buying an additional 10,844,421 shares in the last quarter. Vanguard Group Inc. increased its stake in Skechers U.S.A. by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,043,534 shares of the textile maker’s stock worth $275,695,000 after acquiring an additional 99,851 shares during the last quarter. Amerigo Asset Management increased its stake in Skechers U.S.A. by 38.2% in the 2nd quarter. Amerigo Asset Management now owns 6,134,253 shares of the textile maker’s stock worth $180,960,000 after acquiring an additional 1,694,253 shares during the last quarter. State Street Corp increased its stake in Skechers U.S.A. by 2.8% in the 1st quarter. State Street Corp now owns 3,417,147 shares of the textile maker’s stock worth $93,798,000 after acquiring an additional 93,722 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Skechers U.S.A. by 125.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,302,352 shares of the textile maker’s stock worth $67,919,000 after acquiring an additional 1,282,260 shares during the last quarter. 70.52% of the stock is owned by institutional investors.
In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 1,004 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $27.24, for a total transaction of $27,348.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 38.20% of the stock is currently owned by corporate insiders.
SKX has been the topic of several recent analyst reports. Vetr raised Skechers U.S.A. from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a report on Tuesday, June 20th. BidaskClub raised Skechers U.S.A. from a “hold” rating to a “buy” rating in a report on Friday, June 30th. B. Riley restated a “buy” rating and issued a $37.00 price objective on shares of Skechers U.S.A. in a research report on Friday, July 21st. Citigroup Inc. upped their price objective on shares of Skechers U.S.A. from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Buckingham Research set a $34.00 price objective on shares of Skechers U.S.A. and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Skechers U.S.A. presently has an average rating of “Buy” and a consensus target price of $30.93.
Shares of Skechers U.S.A., Inc. (NYSE SKX) opened at 25.09 on Monday. The stock has a market cap of $3.98 billion, a PE ratio of 17.40 and a beta of 0.19. The stock has a 50 day moving average of $27.08 and a 200-day moving average of $26.77. Skechers U.S.A., Inc. has a 52 week low of $18.81 and a 52 week high of $30.00.
Skechers U.S.A. (NYSE:SKX) last issued its earnings results on Thursday, July 20th. The textile maker reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $966.46 million. Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Equities research analysts predict that Skechers U.S.A., Inc. will post $1.57 earnings per share for the current fiscal year.
About Skechers U.S.A.
Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.
Want to see what other hedge funds are holding SKX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skechers U.S.A., Inc. (NYSE:SKX).
Receive News & Ratings for Skechers U.S.A. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.