Savant Capital LLC Sells 5,556 Shares of Skechers U.S.A., Inc. (NYSE:SKX)

Savant Capital LLC decreased its holdings in Skechers U.S.A., Inc. (NYSE:SKX) by 29.6% during the 4th quarter, HoldingsChannel reports. The firm owned 13,234 shares of the textile maker’s stock after selling 5,556 shares during the quarter. Savant Capital LLC’s holdings in Skechers U.S.A. were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SKX. UMB Bank n.a. grew its position in Skechers U.S.A. by 53.1% in the fourth quarter. UMB Bank n.a. now owns 689 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 239 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Skechers U.S.A. by 52.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 864 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 299 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Skechers U.S.A. during the 4th quarter worth approximately $65,000. Brooklyn Investment Group bought a new position in Skechers U.S.A. in the 3rd quarter valued at approximately $67,000. Finally, Blue Trust Inc. boosted its position in Skechers U.S.A. by 778.1% in the third quarter. Blue Trust Inc. now owns 1,001 shares of the textile maker’s stock valued at $69,000 after buying an additional 887 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.

Skechers U.S.A. Stock Down 0.5 %

Shares of Skechers U.S.A. stock opened at $63.99 on Friday. The stock’s 50-day moving average is $70.16 and its 200 day moving average is $66.46. Skechers U.S.A., Inc. has a one year low of $55.67 and a one year high of $78.85. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 0.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.25.

Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $0.65 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.08). Skechers U.S.A. had a return on equity of 13.81% and a net margin of 7.13%. Equities research analysts anticipate that Skechers U.S.A., Inc. will post 4.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SKX shares. Raymond James dropped their price target on Skechers U.S.A. from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Bank of America cut their price target on Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on Skechers U.S.A. from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen lifted their target price on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, UBS Group decreased their price target on shares of Skechers U.S.A. from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Skechers U.S.A. presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Activity

In related news, COO David Weinberg sold 8,219 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total value of $554,618.12. Following the transaction, the chief operating officer now directly owns 122,211 shares in the company, valued at $8,246,798.28. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Greenberg sold 52,600 shares of Skechers U.S.A. stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total transaction of $3,299,072.00. Following the completion of the sale, the chief executive officer now directly owns 61,367 shares of the company’s stock, valued at approximately $3,848,938.24. The trade was a 46.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,093 shares of company stock worth $6,804,900. Company insiders own 24.75% of the company’s stock.

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.