Texas Permanent School Fund boosted its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,779 shares of the textile maker’s stock after acquiring an additional 722 shares during the quarter. Texas Permanent School Fund owned 0.07% of Deckers Outdoor worth $2,907,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Doyle Wealth Management acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $27,000. Quadrant Capital Group LLC increased its stake in shares of Deckers Outdoor by 284.1% in the first quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock valued at $34,000 after buying an additional 179 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $31,000. Enlightenment Research LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $38,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $51,000.
DECK traded up $2.34 during midday trading on Thursday, reaching $145.58. 3,911 shares of the company were exchanged, compared to its average volume of 548,185. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. Deckers Outdoor Corp has a one year low of $98.21 and a one year high of $159.75. The stock has a market cap of $4.03 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74.
A number of analysts have recently weighed in on DECK shares. Canaccord Genuity set a $143.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, January 18th. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Pivotal Research restated a “hold” rating on shares of Deckers Outdoor in a research note on Monday, January 28th. Zacks Investment Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group set a $132.00 price objective on Deckers Outdoor and gave the stock a “hold” rating in a research report on Saturday, February 2nd. Fourteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Deckers Outdoor presently has an average rating of “Hold” and an average target price of $132.00.
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Deckers Outdoor Company 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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