Beck Bode LLC grew its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 46.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,137 shares of the textile maker’s stock after buying an additional 8,266 shares during the quarter. Deckers Outdoor accounts for 1.7% of Beck Bode LLC’s investment portfolio, making the stock its 23rd biggest position. Beck Bode LLC owned 0.09% of Deckers Outdoor worth $3,852,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group increased its holdings in shares of Deckers Outdoor by 43.2% in the second quarter. Schroder Investment Management Group now owns 23,343 shares of the textile maker’s stock worth $4,108,000 after buying an additional 7,044 shares during the period. Balyasny Asset Management LLC grew its position in Deckers Outdoor by 110.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 63,344 shares of the textile maker’s stock worth $11,147,000 after acquiring an additional 33,287 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Deckers Outdoor in the 3rd quarter worth approximately $3,507,000. Coastal Investment Advisors Inc. purchased a new position in Deckers Outdoor in the 2nd quarter worth approximately $26,000. Finally, STA Wealth Management LLC lifted its position in Deckers Outdoor by 1.5% in the second quarter. STA Wealth Management LLC now owns 5,698 shares of the textile maker’s stock valued at $1,003,000 after purchasing an additional 84 shares during the last quarter. 99.46% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on DECK shares. Stifel Nicolaus set a $175.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, October 25th. Bank of America set a $202.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine upgraded shares of Deckers Outdoor from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Robert W. Baird raised shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and increased their price target for the company from $180.00 to $205.00 in a research report on Tuesday, November 26th. Finally, Pivotal Research reissued a “buy” rating and issued a $193.00 price target on shares of Deckers Outdoor in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $180.23.
Shares of DECK stock traded down $2.55 during trading hours on Tuesday, reaching $160.21. The company’s stock had a trading volume of 130,561 shares, compared to its average volume of 408,138. The company has a current ratio of 2.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25. Deckers Outdoor Corp has a one year low of $110.87 and a one year high of $180.76. The stock has a market capitalization of $4.71 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.53 and a beta of 0.88. The firm’s fifty day simple moving average is $159.67 and its 200 day simple moving average is $156.38.
Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.37. Deckers Outdoor had a return on equity of 27.89% and a net margin of 13.36%. The company had revenue of $542.21 million during the quarter, compared to the consensus estimate of $529.11 million. During the same quarter in the prior year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Deckers Outdoor Corp will post 9.07 earnings per share for the current fiscal year.
In related news, CEO David Powers sold 2,500 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $155.00, for a total transaction of $387,500.00. Following the sale, the chief executive officer now directly owns 99,150 shares in the company, valued at $15,368,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mersman Gibbons sold 3,000 shares of Deckers Outdoor stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $159.62, for a total value of $478,860.00. Following the sale, the director now owns 25,528 shares in the company, valued at $4,074,779.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,500 shares of company stock worth $2,311,260. Insiders own 0.90% of the company’s stock.
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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