Wells Fargo & Company MN lessened its position in Deckers Outdoor Corp (NYSE:DECK) by 36.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,433 shares of the textile maker’s stock after selling 65,443 shares during the period. Wells Fargo & Company MN owned about 0.37% of Deckers Outdoor worth $13,332,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Employees Retirement System of Texas acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth about $1,580,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Deckers Outdoor by 13.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock worth $49,138,000 after buying an additional 51,685 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Deckers Outdoor by 2.4% during the 2nd quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock worth $84,993,000 after buying an additional 17,775 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Deckers Outdoor by 10.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,750 shares of the textile maker’s stock worth $3,018,000 after buying an additional 2,612 shares during the last quarter. Finally, Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth about $2,167,000.
Shares of Deckers Outdoor stock opened at $120.41 on Friday. Deckers Outdoor Corp has a twelve month low of $73.93 and a twelve month high of $137.49. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization 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 issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, topping 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 analysts’ expectations of $496.22 million. During the same quarter in the previous year, the company earned $1.54 EPS. As a group, equities research analysts expect that Deckers Outdoor Corp will post 6.82 EPS for the current fiscal year.
In other Deckers Outdoor news, CEO David Powers sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the transaction, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at approximately $8,474,490.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mersman Gibbons sold 3,000 shares of the firm’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 completion of the transaction, the director now directly owns 28,663 shares in the company, valued at $3,840,842. The disclosure for this sale can be found here. Insiders sold a total of 6,250 shares of company stock valued at $821,965 in the last quarter. Corporate insiders own 0.40% of the company’s stock.
A number of research firms have recently issued reports on DECK. Citigroup raised their target price on shares of Deckers Outdoor from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, November 12th. Macquarie set a $105.00 target price on shares of Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday, October 30th. ValuEngine cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research note on Friday. Susquehanna Bancshares upgraded shares of Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their target price for the stock from $89.00 to $104.00 in a research note on Thursday, August 23rd. Finally, UBS Group upgraded shares of Deckers Outdoor to a “neutral” rating in a research note on Thursday, August 23rd. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Deckers Outdoor has an average rating of “Hold” and a consensus price target of $118.14.
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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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