Marshall Wace LLP lowered its position in Deckers Outdoor Corp (NYSE:DECK) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 216,048 shares of the textile maker’s stock after selling 59,670 shares during the quarter. Marshall Wace LLP owned about 0.74% of Deckers Outdoor worth $25,619,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DECK. Cornerstone Wealth Management LLC bought a new position in shares of Deckers Outdoor in the second quarter worth $159,000. Mission Wealth Management LP bought a new position in shares of Deckers Outdoor in the second quarter worth $200,000. Tower Research Capital LLC TRC increased its holdings in shares of Deckers Outdoor by 57.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock worth $200,000 after purchasing an additional 645 shares during the period. Zacks Investment Management bought a new position in shares of Deckers Outdoor in the second quarter worth $203,000. Finally, Kovack Advisors Inc. bought a new position in shares of Deckers Outdoor in the third quarter worth $203,000.
NYSE DECK opened at $120.41 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. Deckers Outdoor Corp has a 12-month low of $73.93 and a 12-month high of $137.49. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.66 and a beta of 0.78.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.66. Deckers Outdoor had a net margin of 7.69% and a return on equity of 23.27%. The business had revenue of $501.91 million during the quarter, compared to analyst estimates of $496.22 million. During the same period in the prior year, the business posted $1.54 earnings per share. Sell-side analysts predict that Deckers Outdoor Corp will post 6.82 earnings per share for the current fiscal year.
In other Deckers Outdoor news, CEO David Powers sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total transaction of $192,465.00. Following the completion of the sale, the chief executive officer now directly owns 66,047 shares in the company, valued at $8,474,490.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Mersman Gibbons sold 3,000 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $134.00, for a total transaction of $402,000.00. Following the sale, the director now owns 28,663 shares of the company’s stock, valued at $3,840,842. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,250 shares of company stock valued at $821,965. Company insiders own 0.40% of the company’s stock.
DECK has been the subject of several research reports. UBS Group upgraded shares of Deckers Outdoor from a “neutral” rating to a “positive” rating in a research report on Friday, October 26th. reiterated a “hold” rating and issued a $104.00 target price on shares of Deckers Outdoor in a research report on Monday, October 22nd. Buckingham Research upped their target price on shares of Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Canaccord Genuity reiterated a “buy” rating and issued a $137.00 target price on shares of Deckers Outdoor in a research report on Tuesday, October 23rd. Finally, ValuEngine lowered shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $118.14.
Deckers Outdoor Profile
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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