Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,598 shares of the textile maker's stock after purchasing an additional 17,351 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Deckers Outdoor worth $12,088,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DECK. American National Bank & Trust lifted its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor during the third quarter valued at about $30,000. Finally, Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Deckers Outdoor
In other news, insider Robin Spring-Green sold 347 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Sanford C. Bernstein set a $90.00 target price on Deckers Outdoor in a report on Friday, January 30th. Wells Fargo & Company set a $115.00 target price on Deckers Outdoor and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Raymond James Financial lowered Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 target price on the stock. in a report on Thursday. Stifel Nicolaus increased their price target on Deckers Outdoor from $117.00 to $140.00 and gave the company a "buy" rating in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $126.35.
Get Our Latest Analysis on DECK
Deckers Outdoor Stock Up 0.1%
Shares of DECK stock opened at $107.83 on Friday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The firm has a market cap of $15.31 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21. The stock has a 50 day moving average of $107.31 and a 200-day moving average of $100.99.
Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $3.00 earnings per share. The company's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor Corporation will post 6.87 EPS for the current fiscal year.
Deckers Outdoor Profile
(
Free Report)
Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.
Founded in 1973 by Doug Otto and Karl F.
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