Federated Investors Inc. PA lessened its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 31.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 67,932 shares of the textile maker’s stock after selling 30,831 shares during the period. Federated Investors Inc. PA owned 0.22% of Deckers Outdoor worth $7,669,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Global X Management Co. LLC bought a new stake in Deckers Outdoor during the 1st quarter valued at $702,000. Wells Fargo & Company MN lifted its holdings in shares of Deckers Outdoor by 3.3% during the 1st quarter. Wells Fargo & Company MN now owns 84,437 shares of the textile maker’s stock valued at $7,602,000 after purchasing an additional 2,684 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Deckers Outdoor by 4.7% during the 1st quarter. New York State Teachers Retirement System now owns 66,674 shares of the textile maker’s stock valued at $6,003,000 after purchasing an additional 3,000 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at $227,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Deckers Outdoor in the 1st quarter worth $307,000.
In related news, Director Brian Spaly acquired 1,000 shares of Deckers Outdoor stock in a transaction on Tuesday, July 31st. The stock was purchased at an average cost of $113.17 per share, with a total value of $113,170.00. Following the completion of the transaction, the director now directly owns 1,087 shares in the company, valued at approximately $123,015.79. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.
DECK stock traded down $3.49 during mid-day trading on Friday, hitting $113.67. 399,142 shares of the company were exchanged, compared to its average volume of 463,794. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.70 and a current ratio of 2.93. The company has a market capitalization of $3.55 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. Deckers Outdoor Corp has a 1-year low of $62.05 and a 1-year high of $124.68.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 26th. The textile maker reported ($0.98) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.44. Deckers Outdoor had a net margin of 6.49% and a return on equity of 20.26%. The company had revenue of $250.60 million during the quarter, compared to analysts’ expectations of $226.31 million. During the same period last year, the business earned ($1.28) EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. analysts forecast that Deckers Outdoor Corp will post 6.44 earnings per share for the current year.
A number of research firms have weighed in on DECK. Telsey Advisory Group lifted their price objective on Deckers Outdoor from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Buckingham Research raised their target price on Deckers Outdoor from $95.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, May 25th. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their target price for the company from $89.00 to $104.00 in a research report on Thursday, August 23rd. Stifel Nicolaus cut Deckers Outdoor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $123.00 in a report on Friday, July 27th. They noted that the move was a valuation call. Finally, Canaccord Genuity set a $122.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Sunday, May 27th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $113.77.
Deckers Outdoor 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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