Skechers U.S.A., Inc. (NYSE:SKX) Shares Bought by X Square Capital LLC

X Square Capital LLC grew its stake in Skechers U.S.A., Inc. (NYSE:SKX) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,835 shares of the textile maker’s stock after purchasing an additional 210 shares during the quarter. Skechers U.S.A. makes up 1.2% of X Square Capital LLC’s holdings, making the stock its 29th biggest position. X Square Capital LLC’s holdings in Skechers U.S.A. were worth $2,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. TD Private Client Wealth LLC boosted its stake in shares of Skechers U.S.A. by 534.3% in the fourth quarter. TD Private Client Wealth LLC now owns 425 shares of the textile maker’s stock worth $29,000 after acquiring an additional 358 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Skechers U.S.A. by 53.1% during the fourth quarter. UMB Bank n.a. now owns 689 shares of the textile maker’s stock worth $46,000 after buying an additional 239 shares in the last quarter. IFP Advisors Inc raised its position in shares of Skechers U.S.A. by 62.4% in the fourth quarter. IFP Advisors Inc now owns 825 shares of the textile maker’s stock valued at $55,000 after buying an additional 317 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Skechers U.S.A. in the fourth quarter worth about $65,000. Finally, Brooklyn Investment Group purchased a new stake in Skechers U.S.A. during the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.

Skechers U.S.A. Trading Up 0.8 %

SKX opened at $57.79 on Friday. Skechers U.S.A., Inc. has a 52 week low of $53.79 and a 52 week high of $78.85. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $64.54 and a 200-day simple moving average of $65.27. The firm has a market cap of $8.63 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.11 and a beta of 1.21.

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 the consensus estimate of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.73%. On average, equities analysts expect that Skechers U.S.A., Inc. will post 4.47 earnings per share for the current year.

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

In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 10,994 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $56.63, for a total value of $622,590.22. Following the sale, the general counsel now owns 15,000 shares of the company’s stock, valued at $849,450. This trade represents a 42.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Greenberg sold 10,274 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total value of $693,289.52. Following the transaction, the president now directly owns 149,327 shares of the company’s stock, valued at approximately $10,076,585.96. This represents a 6.44 % decrease in their ownership of the stock. 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 90 days. Company insiders own 24.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKX. TD Cowen boosted their target price on Skechers U.S.A. from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Needham & Company LLC restated a “hold” rating on shares of Skechers U.S.A. in a report on Friday, February 7th. Bank of America reduced their price target on Skechers U.S.A. from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. Piper Sandler started coverage on shares of Skechers U.S.A. in a research report on Tuesday, December 10th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on shares of Skechers U.S.A. from $83.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.42.

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.