Thompson Davis & CO. Inc. Takes Position in Skechers U.S.A., Inc. (NYSE:SKX)

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

Several other institutional investors and hedge funds also recently made changes to their positions in SKX. Huntington National Bank boosted its stake in shares of Skechers U.S.A. by 861.7% in the 3rd quarter. Huntington National Bank now owns 577 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 517 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Skechers U.S.A. in the 3rd quarter valued at $31,000. GAMMA Investing LLC acquired a new position in Skechers U.S.A. during the 4th quarter worth about $36,000. Planned Solutions Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth about $70,000. Finally, Meeder Asset Management Inc. acquired a new position in Skechers U.S.A. during the 4th quarter worth about $77,000. Institutional investors and hedge funds own 79.96% of the company’s stock.

Skechers U.S.A. Stock Down 0.2 %

Shares of NYSE SKX traded down $0.14 during trading hours 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 stock has a market capitalization of $10.12 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.32. 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 1-year low of $45.58 and a 1-year high of $69.07. The firm’s 50 day moving average is $60.02 and its 200-day moving average is $58.42.

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

Insider Buying and Selling at Skechers U.S.A.

In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the transaction, the chief operating officer now owns 141,405 shares in the company, valued at approximately $8,183,107.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the transaction, the chief operating officer now owns 141,405 shares in the company, valued at approximately $8,183,107.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Greenberg sold 99,139 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $5,737,173.93. Following the completion of the transaction, the chief executive officer now owns 196,050 shares in the company, valued at approximately $11,345,413.50. The disclosure for this sale can be found here. Insiders sold 254,875 shares of company stock valued at $15,021,192 in the last quarter. 24.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SKX has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of Skechers U.S.A. from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Raymond James reduced their price target on shares of Skechers U.S.A. from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, February 5th. Wedbush boosted their price objective on Skechers U.S.A. from $68.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America began coverage on Skechers U.S.A. in a report on Friday, March 8th. They set a “neutral” rating and a $67.00 price objective for the company. Finally, Evercore ISI dropped their price objective on Skechers U.S.A. from $73.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Skechers U.S.A. currently has an average rating of “Moderate Buy” and a consensus price target 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.