12,975 Shares in Deckers Outdoor Corporation $DECK Bought by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group acquired 12,975 Deckers Outdoor shares worth approximately $1.014 million in the third quarter. Institutional investors collectively own 97.79% of the company.
• Deckers reported quarterly EPS of $2.31, beating estimates of $1.79, while revenue reached $1.48 billion, up 3.4% year over year but below expectations of $1.51 billion.
• DECK shares opened at $80.73, near their 52-week low, as analysts lowered price targets. The stock carries a consensus “Hold” rating and an average target price of $105.81.

Citizens Financial Group Inc. RI bought a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,975 shares of the textile maker's stock, valued at approximately $1,014,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $46,235,000. CX Institutional lifted its stake in Deckers Outdoor by 41.0% during the 3rd quarter. CX Institutional now owns 65,089 shares of the textile maker's stock worth $5,343,000 after acquiring an additional 18,921 shares in the last quarter. Private Wealth Advisors LLC acquired a new position in Deckers Outdoor during the 2nd quarter worth about $4,634,000. TD Waterhouse Canada Inc. lifted its stake in Deckers Outdoor by 2,708.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 30,663 shares of the textile maker's stock worth $2,396,000 after acquiring an additional 29,571 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Deckers Outdoor by 1,365.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 203,898 shares of the textile maker's stock valued at $15,933,000 after acquiring an additional 189,989 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 0.2%

NYSE:DECK opened at $80.73 on Thursday. Deckers Outdoor Corporation has a 52 week low of $77.20 and a 52 week high of $122.29. The company has a fifty day simple moving average of $82.96 and a two-hundred day simple moving average of $99.47. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.52. The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. On average, analysts expect that Deckers Outdoor Corporation will post 7.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DECK shares. BNP Paribas Exane lowered their target price on Deckers Outdoor from $184.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, October 23rd. Sanford C. Bernstein cut their price target on shares of Deckers Outdoor from $105.00 to $100.00 in a research note on Friday, October 23rd. Telsey Advisory Group reiterated a "market perform" rating and set a $90.00 price target (down from $105.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. Evercore reduced their price target on shares of Deckers Outdoor from $108.00 to $90.00 in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $75.00 price objective (down from $86.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $105.81.

Deckers Outdoor Profile

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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