Dorsey Wright & Associates reduced its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,128 shares of the textile maker’s stock after selling 3,275 shares during the quarter. Dorsey Wright & Associates owned 0.17% of Deckers Outdoor worth $6,181,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in DECK. Northern Trust Corp increased its stake in shares of Deckers Outdoor by 2.4% in the second quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after buying an additional 17,775 shares in the last quarter. FMR LLC increased its stake in shares of Deckers Outdoor by 13.2% in the second quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock valued at $79,397,000 after buying an additional 82,214 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Deckers Outdoor by 30.9% in the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock valued at $64,923,000 after buying an additional 135,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Deckers Outdoor by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock valued at $49,138,000 after buying an additional 51,685 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Deckers Outdoor by 854.0% in the first quarter. Millennium Management LLC now owns 424,756 shares of the textile maker’s stock valued at $38,241,000 after buying an additional 380,230 shares in the last quarter.
Deckers Outdoor stock traded up $0.60 during mid-day trading on Friday, hitting $104.39. The stock had a trading volume of 574,900 shares, compared to its average volume of 689,612. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.54 and a beta of 1.07. Deckers Outdoor Corp has a 12 month low of $63.32 and a 12 month high of $124.68. The company has a quick ratio of 1.70, a current ratio of 2.93 and a debt-to-equity ratio of 0.03.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 26th. The textile maker reported ($0.98) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.44. The business had revenue of $250.60 million for the quarter, compared to analysts’ expectations of $226.31 million. Deckers Outdoor had a return on equity of 20.26% and a net margin of 6.49%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned ($1.28) earnings per share. As a group, sell-side analysts expect that Deckers Outdoor Corp will post 6.44 EPS for the current year.
In other news, Director Brian Spaly purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The shares were acquired at an average price of $113.17 per share, for a total transaction of $113,170.00. Following the completion of the acquisition, the director now directly owns 1,087 shares in the company, valued at $123,015.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.
A number of analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a $116.00 target price on shares of Deckers Outdoor in a research note on Friday, July 27th. Stifel Nicolaus lowered Deckers Outdoor from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $123.00 in a research note on Friday, July 27th. They noted that the move was a valuation call. Telsey Advisory Group raised their target price on Deckers Outdoor from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their target price for the company from $89.00 to $104.00 in a research note on Thursday, August 23rd. Finally, UBS Group upgraded Deckers Outdoor to a “neutral” rating in a research note on Thursday, August 23rd. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $113.77.
About Deckers Outdoor
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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