Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Deckers Outdoor Corp (NYSE:DECK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,794 shares of the textile maker’s stock, valued at approximately $558,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of DECK. FMR LLC boosted its holdings in Deckers Outdoor by 11.7% during the fourth quarter. FMR LLC now owns 1,128,224 shares of the textile maker’s stock worth $144,357,000 after buying an additional 117,913 shares in the last quarter. Norges Bank bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $53,144,000. Lord Abbett & CO. LLC bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $49,054,000. APG Asset Management N.V. boosted its stake in Deckers Outdoor by 29.0% in the 4th quarter. APG Asset Management N.V. now owns 360,300 shares of the textile maker’s stock worth $40,328,000 after purchasing an additional 80,900 shares during the period. Finally, Deutsche Bank AG boosted its stake in Deckers Outdoor by 25.3% in the 4th quarter. Deutsche Bank AG now owns 339,895 shares of the textile maker’s stock worth $43,488,000 after purchasing an additional 68,610 shares during the period.
A number of equities analysts recently commented on the stock. Macquarie set a $155.00 price objective on shares of Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday. Pivotal Research raised their price objective on shares of Deckers Outdoor to $152.00 in a research note on Friday, May 24th. Wells Fargo & Co assumed coverage on shares of Deckers Outdoor in a research note on Tuesday, April 23rd. They issued a “market perform” rating and a $163.00 price objective for the company. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $161.00 price objective (up previously from $150.00) on shares of Deckers Outdoor in a research note on Wednesday, February 27th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $145.50.
Shares of NYSE:DECK opened at $172.30 on Thursday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.71 and a beta of 0.75. Deckers Outdoor Corp has a 12-month low of $101.69 and a 12-month high of $172.44. 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 (NYSE:DECK) last issued its earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.75. The company had revenue of $394.10 million during the quarter, compared to analyst estimates of $378.82 million. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities analysts forecast that Deckers Outdoor Corp will post 8.45 EPS for the current fiscal year.
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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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