Stifel Financial Corp lifted its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 61.1% during the 3rd quarter, Holdings Channel reports. The firm owned 78,044 shares of the textile maker’s stock after purchasing an additional 29,606 shares during the period. Stifel Financial Corp’s holdings in Deckers Outdoor were worth $11,523,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. APG Asset Management N.V. increased its holdings in shares of Deckers Outdoor by 27.9% during the second quarter. APG Asset Management N.V. now owns 556,300 shares of the textile maker’s stock worth $85,961,000 after purchasing an additional 121,200 shares during the period. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 2.7% during the second quarter. Invesco Ltd. now owns 446,196 shares of the textile maker’s stock worth $78,517,000 after purchasing an additional 11,932 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Deckers Outdoor by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 438,932 shares of the textile maker’s stock worth $76,919,000 after purchasing an additional 5,858 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Deckers Outdoor by 14.3% during the second quarter. Acadian Asset Management LLC now owns 422,725 shares of the textile maker’s stock worth $74,382,000 after purchasing an additional 52,795 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Deckers Outdoor during the second quarter worth approximately $65,966,000. 99.46% of the stock is currently owned by institutional investors.
In other Deckers Outdoor news, COO David E. Lafitte sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $148.44, for a total value of $148,440.00. Following the sale, the chief operating officer now owns 30,837 shares in the company, valued at $4,577,444.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mersman Gibbons sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $159.62, for a total transaction of $478,860.00. Following the completion of the sale, the director now owns 25,528 shares in the company, valued at approximately $4,074,779.36. The disclosure for this sale can be found here. Insiders have sold a total of 14,500 shares of company stock worth $2,311,260 in the last quarter. 0.90% of the stock is currently owned by company insiders.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $2.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.37. The business had revenue of $542.21 million for the quarter, compared to analyst estimates of $529.11 million. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.89%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $2.38 EPS. On average, equities research analysts forecast that Deckers Outdoor Corp will post 9.07 earnings per share for the current year.
Several research analysts have recently commented on the stock. Susquehanna Bancshares reaffirmed a “buy” rating and set a $220.00 target price on shares of Deckers Outdoor in a report on Friday, November 15th. Wells Fargo & Co raised shares of Deckers Outdoor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $177.00 to $195.00 in a report on Monday, November 25th. Robert W. Baird raised shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $180.00 to $205.00 in a report on Tuesday, November 26th. Pivotal Research reaffirmed a “buy” rating and set a $193.00 target price on shares of Deckers Outdoor in a report on Friday, October 25th. Finally, ValuEngine raised shares of Deckers Outdoor from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $180.23.
About Deckers Outdoor
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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