DekaBank Deutsche Girozentrale Sells 526 Shares of Deckers Outdoor Corp (NYSE:DECK)

DekaBank Deutsche Girozentrale cut its position in Deckers Outdoor Corp (NYSE:DECK) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,788 shares of the textile maker’s stock after selling 526 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Deckers Outdoor were worth $1,133,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan boosted its holdings in Deckers Outdoor by 1.1% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 5,360 shares of the textile maker’s stock valued at $905,000 after acquiring an additional 60 shares during the period. Dorsey Wright & Associates boosted its stake in shares of Deckers Outdoor by 2.5% during the 4th quarter. Dorsey Wright & Associates now owns 16,942 shares of the textile maker’s stock worth $2,861,000 after acquiring an additional 406 shares in the last quarter. Shilanski & Associates Inc. boosted its stake in shares of Deckers Outdoor by 2.5% during the 4th quarter. Shilanski & Associates Inc. now owns 6,386 shares of the textile maker’s stock worth $1,078,000 after acquiring an additional 156 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Deckers Outdoor by 162.8% during the 4th quarter. SG Americas Securities LLC now owns 7,196 shares of the textile maker’s stock worth $1,215,000 after acquiring an additional 4,458 shares in the last quarter. Finally, Ocean Capital Management LLC boosted its stake in shares of Deckers Outdoor by 33.1% during the 4th quarter. Ocean Capital Management LLC now owns 17,720 shares of the textile maker’s stock worth $2,992,000 after acquiring an additional 4,404 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

DECK has been the topic of several recent analyst reports. Evercore ISI reissued a “hold” rating and set a $175.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America increased their target price on shares of Deckers Outdoor from $202.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Cfra upped their price target on shares of Deckers Outdoor from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Robert W. Baird upped their price target on shares of Deckers Outdoor from $205.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $199.73.

DECK opened at $200.56 on Friday. Deckers Outdoor Corp has a twelve month low of $130.19 and a twelve month high of $203.17. The company has a quick ratio of 2.10, a current ratio of 2.89 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $178.22 and a 200 day moving average price of $159.07. The company has a market cap of $5.61 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.70 and a beta of 0.70.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, January 30th. The textile maker reported $7.14 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.59. Deckers Outdoor had a net margin of 13.20% and a return on equity of 27.93%. The firm had revenue of $938.74 million during the quarter, compared to the consensus estimate of $900.43 million. During the same quarter in the prior year, the firm earned $6.59 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Deckers Outdoor Corp will post 9.54 earnings per share for the current year.

In other Deckers Outdoor news, CEO David Powers sold 2,500 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $170.00, for a total value of $425,000.00. Following the completion of the sale, the chief executive officer now owns 91,490 shares in the company, valued at approximately $15,553,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David E. Lafitte sold 782 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $193.28, for a total transaction of $151,144.96. Following the completion of the sale, the chief operating officer now owns 30,055 shares of the company’s stock, valued at approximately $5,809,030.40. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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