Deckers Outdoor Corp (NYSE:DECK) Shares Sold by Axa

Axa reduced its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,300 shares of the textile maker’s stock after selling 5,900 shares during the period. Axa’s holdings in Deckers Outdoor were worth $1,783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Deckers Outdoor by 0.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 10,343 shares of the textile maker’s stock valued at $1,386,000 after buying an additional 81 shares during the period. First Republic Investment Management Inc. lifted its position in Deckers Outdoor by 0.6% in the 4th quarter. First Republic Investment Management Inc. now owns 15,556 shares of the textile maker’s stock valued at $2,627,000 after purchasing an additional 95 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in Deckers Outdoor by 0.7% in the 1st quarter. Virginia Retirement Systems ET AL now owns 13,900 shares of the textile maker’s stock valued at $1,863,000 after purchasing an additional 100 shares during the last quarter. Profund Advisors LLC lifted its position in Deckers Outdoor by 4.1% in the 4th quarter. Profund Advisors LLC now owns 2,906 shares of the textile maker’s stock valued at $491,000 after purchasing an additional 115 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Deckers Outdoor by 59.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 344 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 128 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.

Shares of DECK opened at $193.36 on Thursday. The firm’s 50 day moving average is $191.70 and its 200-day moving average is $167.56. The stock has a market capitalization of $5.29 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.97 and a quick ratio of 2.93. Deckers Outdoor Corp has a 12-month low of $78.70 and a 12-month high of $218.18.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.48. The business had revenue of $374.90 million for the quarter, compared to the consensus estimate of $355.40 million. Deckers Outdoor had a net margin of 12.95% and a return on equity of 26.45%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, equities research analysts forecast that Deckers Outdoor Corp will post 8.1 EPS for the current fiscal year.

Several analysts recently weighed in on DECK shares. BTIG Research lifted their price objective on shares of Deckers Outdoor from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Cowen began coverage on shares of Deckers Outdoor in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $220.00 price target on the stock. Wells Fargo & Co boosted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wedbush boosted their price target on shares of Deckers Outdoor from $185.00 to $211.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $200.07.

In related news, insider Caroti Stefano sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $207.45, for a total transaction of $829,800.00. Following the transaction, the insider now directly owns 33,857 shares of the company’s stock, valued at $7,023,634.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David E. Lafitte sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $194.24, for a total transaction of $97,120.00. Following the transaction, the chief operating officer now directly owns 29,578 shares in the company, valued at $5,745,230.72. The disclosure for this sale can be found here. Insiders have sold 6,832 shares of company stock worth $1,382,955 over the last ninety days. 0.90% of the stock is currently owned by insiders.

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

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