Eqis Capital Management Inc. lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,026 shares of the textile maker’s stock after selling 254 shares during the quarter. Eqis Capital Management Inc.’s holdings in Deckers Outdoor were worth $446,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new stake in Deckers Outdoor during the first quarter worth $2,940,000. Raymond James Financial Services Advisors Inc. bought a new stake in Deckers Outdoor during the second quarter worth $211,000. World Asset Management Inc bought a new stake in Deckers Outdoor during the second quarter worth $223,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Deckers Outdoor during the second quarter worth $650,000. Finally, Columbus Circle Investors raised its position in Deckers Outdoor by 97.9% during the second quarter. Columbus Circle Investors now owns 135,032 shares of the textile maker’s stock worth $26,519,000 after acquiring an additional 66,804 shares in the last quarter. Institutional investors own 86.29% of the company’s stock.
Shares of Deckers Outdoor stock opened at $247.21 on Friday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.22 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 2.98 and a debt-to-equity ratio of 0.02. Deckers Outdoor Co. has a 12-month low of $78.70 and a 12-month high of $285.28. The firm’s 50-day moving average price is $253.02 and its two-hundred day moving average price is $208.53.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.90. Deckers Outdoor had a net margin of 14.02% and a return on equity of 26.81%. The firm had revenue of $623.50 million for the quarter, compared to the consensus estimate of $558.22 million. During the same period in the prior year, the company posted $2.71 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that Deckers Outdoor Co. will post 11.02 earnings per share for the current year.
Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Deckers Outdoor from $240.00 to $325.00 in a research report on Friday, October 30th. Smith Barney Citigroup increased their price objective on shares of Deckers Outdoor from $250.00 to $310.00 in a research report on Friday, October 30th. BNP Paribas raised shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and set a $295.00 price objective on the stock in a research report on Monday, October 12th. UBS Group increased their price objective on shares of Deckers Outdoor from $260.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Finally, Exane BNP Paribas raised shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating in a research report on Monday, October 12th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $248.78.
In other Deckers Outdoor news, CEO David Powers sold 13,164 shares of Deckers Outdoor stock in a transaction on Monday, August 24th. The shares were sold at an average price of $209.88, for a total transaction of $2,762,860.32. Following the transaction, the chief executive officer now directly owns 76,257 shares of the company’s stock, valued at approximately $16,004,819.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas Garcia sold 2,247 shares of Deckers Outdoor stock in a transaction on Friday, October 16th. The stock was sold at an average price of $264.00, for a total transaction of $593,208.00. Following the transaction, the senior vice president now directly owns 14,236 shares in the company, valued at $3,758,304. The disclosure for this sale can be found here. In the last three months, insiders sold 70,281 shares of company stock valued at $17,819,252. 1.33% of the stock is currently owned by insiders.
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; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.
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