Federated Investors Inc. PA increased its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 181.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 46,226 shares of the textile maker’s stock after purchasing an additional 29,826 shares during the period. Federated Investors Inc. PA’s holdings in Deckers Outdoor were worth $6,795,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Doyle Wealth Management bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $31,000. Quadrant Capital Group LLC boosted its holdings in shares of Deckers Outdoor by 284.1% during the first quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock worth $34,000 after acquiring an additional 179 shares during the period. Enlightenment Research LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $38,000. Finally, Lavaca Capital LLC boosted its holdings in shares of Deckers Outdoor by 16.2% during the first quarter. Lavaca Capital LLC now owns 906 shares of the textile maker’s stock worth $133,000 after acquiring an additional 126 shares during the period.
In other Deckers Outdoor news, insider Andrea O’donnell sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total transaction of $321,573.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauri M. Shanahan sold 1,813 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $155.53, for a total transaction of $281,975.89. Following the transaction, the director now owns 12,131 shares of the company’s stock, valued at $1,886,734.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,263 shares of company stock valued at $807,763. 0.40% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on DECK shares. Pivotal Research boosted their price objective on Deckers Outdoor to $152.00 in a report on Friday, May 24th. Canaccord Genuity boosted their price objective on Deckers Outdoor from $164.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, May 24th. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Wednesday, May 29th. Finally, Bank of America upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $180.00 in a report on Tuesday, May 21st. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $146.50.
NYSE DECK opened at $176.19 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.37 and a quick ratio of 3.26. Deckers Outdoor Corp has a 1-year low of $101.69 and a 1-year high of $176.80. The company has a market capitalization of $5.02 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.75. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The company had revenue of $394.10 million during the quarter, compared to the consensus estimate of $378.82 million. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Deckers Outdoor Corp will post 8.45 earnings per share for the current year.
WARNING: “Deckers Outdoor Corp (NYSE:DECK) Shares Bought by Federated Investors Inc. PA” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2019/06/14/deckers-outdoor-corp-nysedeck-shares-bought-by-federated-investors-inc-pa.html.
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.
See Also: What is a Fibonacci Channel?
Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corp (NYSE:DECK).
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.