Itau Unibanco Holding S.A. bought a new stake in shares of Deckers Outdoor Corp (NYSE:DECK) during the fourth quarter, HoldingsChannel reports. The fund bought 2,039 shares of the textile maker’s stock, valued at approximately $164,000.
Other large investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 21,160.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after purchasing an additional 2,116 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $189,000. PNC Financial Services Group Inc. boosted its holdings in shares of Deckers Outdoor by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares during the last quarter. Lourd Capital LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $231,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Deckers Outdoor during the third quarter worth $202,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Deckers Outdoor Corp (NYSE:DECK) opened at $96.02 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. The firm has a market capitalization of $3,016.84, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.51 and a beta of 1.32. Deckers Outdoor Corp has a 52-week low of $51.94 and a 52-week high of $98.62.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share for the quarter, topping the consensus estimate of $3.84 by $1.13. The business had revenue of $810.50 million for the quarter, compared to analyst estimates of $748.38 million. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $4.11 EPS. analysts predict that Deckers Outdoor Corp will post 5.43 earnings per share for the current fiscal year.
Deckers Outdoor declared that its board has approved a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $335.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Deckers Outdoor news, Director Karyn Odette Barsa sold 1,085 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.50, for a total value of $101,447.50. Following the transaction, the director now directly owns 14,174 shares of the company’s stock, valued at $1,325,269. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David E. Lafitte sold 863 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $92.97, for a total value of $80,233.11. The disclosure for this sale can be found here. Insiders sold a total of 14,168 shares of company stock worth $1,341,189 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.
DECK has been the topic of several analyst reports. Canaccord Genuity set a $76.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a report on Wednesday, October 25th. Telsey Advisory Group raised their price objective on Deckers Outdoor from $72.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 27th. Citigroup raised their price objective on Deckers Outdoor from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Buckingham Research set a $68.00 price objective on Deckers Outdoor and gave the stock a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Deckers Outdoor presently has an average rating of “Hold” and a consensus target price of $87.43.
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Deckers Outdoor Profile
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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