Inlet Private Wealth LLC bought a new position in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,755 shares of the textile maker’s stock, valued at approximately $1,544,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DECK. BlackRock Inc. bought a new position in Deckers Outdoor in the 2nd quarter valued at approximately $1,343,613,000. Bank of New York Mellon Corp purchased a new stake in Deckers Outdoor during the 2nd quarter valued at $170,905,000. Caisse de depot et placement du Quebec bought a new stake in shares of Deckers Outdoor in the 2nd quarter worth $119,656,000. Deutsche Bank AG bought a new stake in shares of Deckers Outdoor in the 2nd quarter worth $100,620,000. Finally, Man Group plc purchased a new position in shares of Deckers Outdoor in the second quarter worth $82,448,000. Institutional investors own 97.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on DECK. BMO Capital Markets assumed coverage on Deckers Outdoor in a report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price target on the stock. Weiss Ratings cut Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 15th. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 target price on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Needham & Company LLC decreased their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.84.
View Our Latest Stock Analysis on Deckers Outdoor
Deckers Outdoor Trading Down 2.3%
Shares of DECK opened at $85.35 on Thursday. The firm has a market cap of $11.63 billion, a PE ratio of 12.11, a P/E/G ratio of 1.36 and a beta of 1.12. The firm has a fifty day simple moving average of $83.83 and a two-hundred day simple moving average of $97.09. Deckers Outdoor Corporation has a 1-year low of $77.20 and a 1-year high of $122.29.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. As a group, research analysts forecast that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.
About Deckers Outdoor
Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.
The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.
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