Ameriprise Financial Inc. increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266,654 shares of the textile maker’s stock after purchasing an additional 19,362 shares during the period. Ameriprise Financial Inc. owned approximately 0.83% of Deckers Outdoor worth $18,241,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Aperio Group LLC lifted its holdings in Deckers Outdoor by 8.6% during the 2nd quarter. Aperio Group LLC now owns 10,504 shares of the textile maker’s stock valued at $717,000 after buying an additional 831 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Deckers Outdoor by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 23,356 shares of the textile maker’s stock valued at $1,594,000 after buying an additional 233 shares in the last quarter. Sei Investments Co. lifted its holdings in Deckers Outdoor by 1,053.7% during the 2nd quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock valued at $1,164,000 after buying an additional 15,584 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Deckers Outdoor by 23.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 54,485 shares of the textile maker’s stock valued at $3,719,000 after buying an additional 10,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Deckers Outdoor by 11.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 255,364 shares of the textile maker’s stock valued at $17,432,000 after buying an additional 25,594 shares in the last quarter. 99.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at $77.13 on Wednesday. Deckers Outdoor Corporation has a twelve month low of $44.00 and a twelve month high of $78.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. The company has a market cap of $2,462.31, a PE ratio of 17.20, a PEG ratio of 1.69 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The business had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the previous year, the business posted $1.21 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. sell-side analysts expect that Deckers Outdoor Corporation will post 4.27 earnings per share for the current year.
Deckers Outdoor announced that its board has approved a stock repurchase plan on Thursday, October 26th that allows the company to repurchase $335.00 million in shares. This repurchase authorization allows the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Morgan Stanley lifted their price objective on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Jefferies Group set a $82.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Sunday, October 29th. Buckingham Research set a $68.00 price objective on shares of Deckers Outdoor and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Citigroup lifted their price objective on shares of Deckers Outdoor from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Deckers Outdoor currently has a consensus rating of “Hold” and a consensus price target of $69.77.
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Deckers Outdoor Company 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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