Natixis Advisors LLC Grows Stock Holdings in Skechers U.S.A., Inc. (NYSE:SKX)

Natixis Advisors LLC lifted its position in Skechers U.S.A., Inc. (NYSE:SKX) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 203,410 shares of the textile maker’s stock after buying an additional 3,122 shares during the quarter. Natixis Advisors LLC’s holdings in Skechers U.S.A. were worth $13,677,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Spire Wealth Management grew its holdings in Skechers U.S.A. by 11.6% in the fourth quarter. Spire Wealth Management now owns 1,486 shares of the textile maker’s stock worth $100,000 after purchasing an additional 155 shares during the last quarter. Calamos Wealth Management LLC boosted its position in shares of Skechers U.S.A. by 0.9% in the 4th quarter. Calamos Wealth Management LLC now owns 18,257 shares of the textile maker’s stock worth $1,228,000 after purchasing an additional 157 shares in the last quarter. Independent Advisor Alliance grew its stake in Skechers U.S.A. by 4.7% during the 4th quarter. Independent Advisor Alliance now owns 4,486 shares of the textile maker’s stock worth $302,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. increased its position in Skechers U.S.A. by 20.7% during the 4th quarter. Blue Trust Inc. now owns 1,208 shares of the textile maker’s stock valued at $81,000 after buying an additional 207 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in Skechers U.S.A. by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,692 shares of the textile maker’s stock valued at $315,000 after buying an additional 212 shares during the last quarter. Institutional investors own 79.96% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Greenberg sold 52,600 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $62.72, for a total value of $3,299,072.00. Following the transaction, the chief executive officer now owns 61,367 shares of the company’s stock, valued at $3,848,938.24. This represents a 46.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David Weinberg sold 8,219 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $554,618.12. Following the completion of the transaction, the chief operating officer now directly owns 122,211 shares in the company, valued at $8,246,798.28. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 236,738 shares of company stock valued at $14,700,809 in the last three months. 24.75% of the stock is currently owned by insiders.

Skechers U.S.A. Price Performance

Shares of NYSE SKX opened at $57.45 on Thursday. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.21. Skechers U.S.A., Inc. has a 52 week low of $53.79 and a 52 week high of $78.85. The firm has a 50-day simple moving average of $66.08 and a 200-day simple moving average of $65.68. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX) last released its earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. On average, equities analysts predict that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKX has been the topic of a number of research analyst reports. StockNews.com lowered Skechers U.S.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Piper Sandler assumed coverage on shares of Skechers U.S.A. in a research note on Tuesday, December 10th. They set a “neutral” rating and a $65.00 price target on the stock. Barclays lowered their price objective on shares of Skechers U.S.A. from $80.00 to $77.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of Skechers U.S.A. in a research report on Friday, February 7th. Finally, Raymond James reduced their target price 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. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skechers U.S.A. currently has an average rating of “Moderate Buy” and an average target price of $81.25.

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.