Amalgamated Bank increased its holdings in shares of Skechers USA Inc (NYSE:SKX) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 26,981 shares of the textile maker’s stock after buying an additional 1,473 shares during the period. Amalgamated Bank’s holdings in Skechers USA were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oakbrook Investments LLC boosted its position in Skechers USA by 17.2% during the fourth quarter. Oakbrook Investments LLC now owns 11,730 shares of the textile maker’s stock worth $444,000 after acquiring an additional 1,720 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Skechers USA by 9.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 21,143 shares of the textile maker’s stock worth $800,000 after acquiring an additional 1,887 shares during the last quarter. California Public Employees Retirement System boosted its position in Skechers USA by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 258,807 shares of the textile maker’s stock worth $9,793,000 after acquiring an additional 1,919 shares during the last quarter. Investment Centers of America Inc. boosted its position in Skechers USA by 20.7% during the third quarter. Investment Centers of America Inc. now owns 11,212 shares of the textile maker’s stock worth $287,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Skechers USA by 11.4% during the third quarter. Pacer Advisors Inc. now owns 20,059 shares of the textile maker’s stock worth $503,000 after acquiring an additional 2,056 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

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A number of equities analysts recently weighed in on the stock. Vetr upgraded shares of Skechers USA from a “sell” rating to a “hold” rating and set a $39.03 price target on the stock in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Skechers USA from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, December 26th. Monness Crespi & Hardt boosted their price target on shares of Skechers USA from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Susquehanna Bancshares restated a “buy” rating and set a $46.00 price target on shares of Skechers USA in a research report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $41.29.

In other Skechers USA news, CEO Robert Greenberg sold 500,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $37.66, for a total value of $18,830,000.00. Following the transaction, the chief executive officer now directly owns 267,713 shares in the company, valued at approximately $10,082,071.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Rappaport sold 1,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $38.24, for a total transaction of $38,240.00. Following the completion of the transaction, the director now owns 19,000 shares in the company, valued at $726,560. The disclosure for this sale can be found here. Insiders sold a total of 501,156 shares of company stock worth $18,874,792 over the last quarter. 38.20% of the stock is currently owned by company insiders.

Skechers USA Inc (NYSE SKX) opened at $40.08 on Thursday. The company has a quick ratio of 2.06, a current ratio of 3.52 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6,350.00, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.17 and a beta of 0.24. Skechers USA Inc has a fifty-two week low of $22.64 and a fifty-two week high of $42.73.

Skechers USA (NYSE:SKX) last posted its earnings results on Thursday, February 8th. The textile maker reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $970.59 million for the quarter, compared to analyst estimates of $881.39 million. Skechers USA had a net margin of 4.30% and a return on equity of 14.63%. Skechers USA’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. equities research analysts predict that Skechers USA Inc will post 2.3 earnings per share for the current fiscal year.

Skechers USA announced that its board has initiated a share repurchase plan on Thursday, February 8th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Skechers USA Profile

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

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Institutional Ownership by Quarter for Skechers USA (NYSE:SKX)

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