The stock was sold at an average price of $25.92, for a total value of $487,140.48.
The number of shares now held by investors is 133.77 Million. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Skechers U.S.A., Inc.
Skechers U.S.A., Inc. has a 12-month low of $18.81 and a 12-month high of $34.27. The company's 50-day moving average is $26.59 and its 200-day moving average is $24.47. Northpointe Capital LLC now owns 114,606 shares of the textile maker's stock valued at $2,624,000 after buying an additional 14,113 shares during the last quarter.
Skechers USA Inc (NYSE:SKX) have shown a high EPS growth of 40.00% in the last 5 years and has earnings growth of -77.50% yoy. Earnings-per-share growth gives a good picture of the rate at which a company has grown its profitability per unit of equity. The firm earned $764.30 million during the quarter, compared to analyst estimates of $725.08 million.
Skechers USA (NYSE:SKX) traded up 4.10% during mid-day trading on Friday, reaching $25.91. During the same period past year, the business earned $0.20 EPS. For the Current Quarter, 15 analysts are projecting the mean EPS to be $1.26/share.
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The stock grew about 53.58% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well.
A number of hedge funds have recently modified their holdings of SKX. Van Hulzen Asset Management LLC acquired a new stake in Skechers U.S.A. during the third quarter worth $135,000. Capstone Asset Management Co. boosted its stake in shares of Skechers USA by 0.9% in the first quarter. LS Investment Advisors LLC boosted its position in shares of Skechers USA by 5.8% in the third quarter. This showed the surprise of -55.6% in the last quarter earnings.
SKX has been the subject of several other reports. Finally, Vetr downgraded Skechers USA from a buy rating to a hold rating and set a $26.32 target price for the company.in a research note on Monday, February 20th.
Skechers U.S.A., Inc. has 1 year price target of $28.78. Susquehanna Bancshares Inc reissued a "positive" rating and set a $30.00 price target on shares of Skechers USA in a report on Thursday, February 16th.
Chevron Corporation has 1 year price target of $126.64.
University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of $27.62.
On 12/31/2016 Skechers U.S.A., Inc.