Texas Permanent School Fund lowered its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,923 shares of the textile maker’s stock after selling 729 shares during the period. Texas Permanent School Fund’s holdings in Deckers Outdoor were worth $2,244,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Xact Kapitalforvaltning AB increased its stake in shares of Deckers Outdoor by 12.4% during the second quarter. Xact Kapitalforvaltning AB now owns 4,544 shares of the textile maker’s stock valued at $513,000 after buying an additional 500 shares during the period. Cookson Peirce & Co. Inc. increased its stake in shares of Deckers Outdoor by 13.6% during the second quarter. Cookson Peirce & Co. Inc. now owns 4,250 shares of the textile maker’s stock valued at $480,000 after buying an additional 510 shares during the period. Suntrust Banks Inc. increased its stake in shares of Deckers Outdoor by 21.7% during the first quarter. Suntrust Banks Inc. now owns 3,202 shares of the textile maker’s stock valued at $287,000 after buying an additional 572 shares during the period. Point72 Hong Kong Ltd increased its stake in shares of Deckers Outdoor by 30.0% during the second quarter. Point72 Hong Kong Ltd now owns 2,641 shares of the textile maker’s stock valued at $298,000 after buying an additional 610 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Deckers Outdoor by 24.4% during the second quarter. Atria Investments LLC now owns 3,138 shares of the textile maker’s stock valued at $354,000 after buying an additional 616 shares during the period.
DECK opened at $133.94 on Tuesday. Deckers Outdoor Corp has a 1 year low of $63.32 and a 1 year high of $134.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.71 and a beta of 0.85.
Deckers Outdoor (NYSE:DECK) last posted its 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 return on equity of 23.27% and a net margin of 7.69%. The company had revenue of $501.91 million for the quarter, compared to analyst estimates of $496.22 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Sell-side analysts predict that Deckers Outdoor Corp will post 6.82 EPS for the current fiscal year.
Several brokerages have recently commented on DECK. Macquarie set a $105.00 price target on Deckers Outdoor and gave the company a “hold” rating in a research note on Tuesday, October 30th. Telsey Advisory Group raised their price target on Deckers Outdoor from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $116.00 target price on shares of Deckers Outdoor in a research note on Friday, July 27th. Stifel Nicolaus lowered Deckers Outdoor from a “buy” rating to a “hold” rating and lifted their target price for the company from $120.00 to $123.00 in a research note on Friday, July 27th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and lifted their target price for the company from $89.00 to $104.00 in a research note on Thursday, August 23rd. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $116.07.
In other Deckers Outdoor news, insider Caroti Stefano sold 1,750 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the completion of the sale, the insider now owns 24,252 shares of the company’s stock, valued at $3,152,760. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the sale, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at approximately $8,474,490.57. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
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About Deckers Outdoor
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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