Falcon Point Capital LLC decreased its stake in Deckers Outdoor Corp (NYSE:DECK) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,532 shares of the textile maker’s stock after selling 25,939 shares during the quarter. Deckers Outdoor makes up about 2.0% of Falcon Point Capital LLC’s investment portfolio, making the stock its 27th largest position. Falcon Point Capital LLC owned 0.45% of Deckers Outdoor worth $11,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also bought and sold shares of the business. Flinton Capital Management LLC increased its holdings in Deckers Outdoor by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Deckers Outdoor by 21,160.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after acquiring an additional 2,116 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Deckers Outdoor by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after acquiring an additional 1,213 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $189,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Deckers Outdoor during the third quarter worth about $202,000. 99.56% of the stock is currently owned by institutional investors.
In other Deckers Outdoor news, COO David E. Lafitte sold 863 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $92.97, for a total transaction of $80,233.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrea O’donnell sold 2,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $93.90, for a total value of $208,458.00. Following the sale, the insider now directly owns 17,793 shares of the company’s stock, valued at $1,670,762.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,168 shares of company stock valued at $1,341,189. Corporate insiders own 1.90% of the company’s stock.
Several research analysts have recently weighed in on DECK shares. ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub cut Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Stifel Nicolaus reissued a “buy” rating and set a $93.00 price target (up from $85.00) on shares of Deckers Outdoor in a research report on Wednesday, January 17th. Canaccord Genuity set a $76.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group cut Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $87.43.
Shares of Deckers Outdoor Corp (NYSE:DECK) traded up $0.46 on Tuesday, reaching $95.05. The company’s stock had a trading volume of 509,380 shares, compared to its average volume of 813,143. The firm has a market cap of $3,004.45, a P/E ratio of 39.32, a PEG ratio of 1.50 and a beta of 1.32. Deckers Outdoor Corp has a 52-week low of $51.77 and a 52-week high of $98.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $4.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.84 by $1.13. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The firm had revenue of $810.50 million during the quarter, compared to analyst estimates of $748.38 million. During the same period last year, the company posted $4.11 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that Deckers Outdoor Corp will post 5.43 EPS for the current fiscal year.
Deckers Outdoor declared that its Board of Directors has authorized a share repurchase program on Thursday, October 26th that allows the company to repurchase $335.00 million in outstanding shares. This repurchase authorization allows the textile maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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About Deckers Outdoor
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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