Arizona State Retirement System boosted its holdings in Deckers Outdoor Co. (NYSE:DECK – Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,668 shares of the textile maker’s stock after purchasing an additional 182 shares during the quarter. Arizona State Retirement System’s holdings in Deckers Outdoor were worth $3,447,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Deckers Outdoor by 100.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 36 shares in the last quarter. Tobam purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $36,000. Financial Management Professionals Inc. grew its holdings in shares of Deckers Outdoor by 9,000.0% in the first quarter. Financial Management Professionals Inc. now owns 91 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 90 shares in the last quarter. Cutler Group LLC CA purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $39,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Deckers Outdoor by 136.0% in the fourth quarter. Lindbrook Capital LLC now owns 118 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 68 shares in the last quarter. 99.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
DECK has been the subject of a number of recent research reports. UBS Group raised their target price on shares of Deckers Outdoor from $560.00 to $610.00 in a report on Friday, May 26th. StockNews.com assumed coverage on shares of Deckers Outdoor in a research note on Thursday, May 18th. They set a “hold” rating for the company. BTIG Research lifted their price objective on shares of Deckers Outdoor from $560.00 to $613.00 in a research note on Wednesday, July 5th. Raymond James assumed coverage on shares of Deckers Outdoor in a research note on Tuesday, June 13th. They set an “outperform” rating and a $565.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $425.00 to $480.00 in a research note on Friday, May 26th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $506.29.
Deckers Outdoor Trading Down 0.2 %
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its earnings results on Thursday, May 25th. The textile maker reported $3.46 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.85. The business had revenue of $791.57 million during the quarter, compared to the consensus estimate of $723.47 million. Deckers Outdoor had a return on equity of 31.77% and a net margin of 14.28%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $2.51 earnings per share. As a group, equities research analysts predict that Deckers Outdoor Co. will post 21.76 EPS for the current fiscal year.
Insider Activity at Deckers Outdoor
In related news, insider Caroti Stefano sold 7,408 shares of Deckers Outdoor stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $490.00, for a total value of $3,629,920.00. Following the completion of the sale, the insider now directly owns 45,142 shares in the company, valued at $22,119,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Caroti Stefano sold 7,408 shares of Deckers Outdoor stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $490.00, for a total value of $3,629,920.00. Following the completion of the sale, the insider now directly owns 45,142 shares in the company, valued at $22,119,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 374 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $474.44, for a total transaction of $177,440.56. Following the completion of the transaction, the insider now owns 2,799 shares of the company’s stock, valued at $1,327,957.56. The disclosure for this sale can be found here. Insiders sold 17,182 shares of company stock worth $8,344,429 over the last three months. 0.80% of the stock is owned by corporate insiders.
Deckers Outdoor Company Profile
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.
Featured Articles
- Five stocks we like better than Deckers Outdoor
- Green Hydrogen Stocks Getting Ready to Deliver Big Gains
- Charles Schwab Gets The Rebound, Time to Buy?
- Is Ebix Inc a Phygital E-Commerce Contender or Pretender?
- 3 Mid-Cap Stocks with Expectations for High-Earnings Growth
- Can Lockheed Martin Fly To A New High In 2023?
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.
