Dnca Finance Has $145,000 Position in Skechers U.S.A., Inc. (NYSE:SKX)

Dnca Finance lifted its holdings in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,157 shares of the textile maker’s stock after buying an additional 267 shares during the quarter. Dnca Finance’s holdings in Skechers U.S.A. were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SKX. Vanguard Group Inc. lifted its stake in Skechers U.S.A. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,544,233 shares of the textile maker’s stock valued at $843,474,000 after buying an additional 82,143 shares during the period. Bank of New York Mellon Corp raised its holdings in Skechers U.S.A. by 70.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,308,283 shares of the textile maker’s stock worth $155,209,000 after acquiring an additional 953,528 shares in the last quarter. Geode Capital Management LLC lifted its stake in Skechers U.S.A. by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 2,294,976 shares of the textile maker’s stock valued at $154,361,000 after acquiring an additional 78,071 shares during the last quarter. Norges Bank acquired a new position in Skechers U.S.A. during the fourth quarter worth approximately $105,741,000. Finally, Wellington Management Group LLP raised its stake in Skechers U.S.A. by 6.3% in the fourth quarter. Wellington Management Group LLP now owns 1,090,413 shares of the textile maker’s stock valued at $73,319,000 after buying an additional 64,857 shares during the period. 79.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark A. Nason sold 12,046 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $66.08, for a total value of $795,999.68. Following the transaction, the executive vice president now directly owns 25,675 shares of the company’s stock, valued at approximately $1,696,604. This trade represents a 31.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Phillip Paccione sold 10,994 shares of Skechers U.S.A. stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $56.63, for a total transaction of $622,590.22. Following the transaction, the general counsel now directly owns 15,000 shares in the company, valued at $849,450. This represents a 42.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,245 shares of company stock valued at $13,452,902. Company insiders own 24.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SKX shares. Needham & Company LLC restated a “hold” rating on shares of Skechers U.S.A. in a research report on Friday, February 7th. Barclays cut their price target on Skechers U.S.A. from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. TD Cowen lifted their price objective on Skechers U.S.A. from $88.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of Skechers U.S.A. from $80.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI reduced their price objective on shares of Skechers U.S.A. from $78.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.67.

Skechers U.S.A. Price Performance

Shares of Skechers U.S.A. stock opened at $47.53 on Friday. The firm has a market capitalization of $7.10 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. The business’s 50-day moving average price is $56.42 and its 200-day moving average price is $63.32. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Skechers U.S.A., Inc. has a 12 month low of $44.50 and a 12 month high of $78.85.

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%. Sell-side analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.

About Skechers U.S.A.

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.