New Mexico Educational Retirement Board purchased a new position in shares of Deckers Outdoor Corp (NYSE:DECK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,900 shares of the textile maker’s stock, valued at approximately $634,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Deckers Outdoor by 21.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after acquiring an additional 195,164 shares in the last quarter. State Street Corp lifted its position in shares of Deckers Outdoor by 3.6% during the 2nd quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after buying an additional 36,356 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Deckers Outdoor by 360.2% during the 4th quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock worth $65,068,000 after buying an additional 634,610 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Deckers Outdoor by 9.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 556,933 shares of the textile maker’s stock worth $38,100,000 after buying an additional 48,948 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Deckers Outdoor by 4.3% during the 3rd quarter. Sterling Capital Management LLC now owns 444,139 shares of the textile maker’s stock worth $30,384,000 after buying an additional 18,269 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.
DECK has been the subject of several recent analyst reports. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus restated a “buy” rating and set a $93.00 price objective (up previously from $85.00) on shares of Deckers Outdoor in a research report on Wednesday, January 17th. Telsey Advisory Group boosted their price objective on shares of Deckers Outdoor from $96.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Pivotal Research restated a “buy” rating and set a $102.00 price objective (up previously from $80.00) on shares of Deckers Outdoor in a research report on Tuesday, January 30th. Finally, Zacks Investment Research downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.86.
Deckers Outdoor Corp (NYSE:DECK) opened at $90.87 on Wednesday. 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 stock has a market cap of $2,867.55, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17. Deckers Outdoor Corp has a 12 month low of $52.58 and a 12 month high of $98.92.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The company had revenue of $810.50 million for the quarter, compared to analysts’ expectations of $748.38 million. During the same period in the previous year, the company posted $4.11 EPS. Deckers Outdoor’s revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Deckers Outdoor Corp will post 5.43 earnings per share for the current fiscal year.
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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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