Chartwell Investment Partners LLC cut its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 29.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,953 shares of the textile maker’s stock after selling 9,736 shares during the quarter. Chartwell Investment Partners LLC owned about 0.08% of Deckers Outdoor worth $4,508,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DECK. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Deckers Outdoor by 59.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 344 shares of the textile maker’s stock worth $46,000 after acquiring an additional 128 shares during the period. Carroll Financial Associates Inc. bought a new stake in Deckers Outdoor in the 1st quarter valued at $48,000. Pathstone Family Office LLC bought a new stake in Deckers Outdoor in the 1st quarter valued at $67,000. US Bancorp DE grew its holdings in Deckers Outdoor by 126.5% in the 1st quarter. US Bancorp DE now owns 1,198 shares of the textile maker’s stock valued at $161,000 after buying an additional 669 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Deckers Outdoor by 24.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,171 shares of the textile maker’s stock worth $197,000 after buying an additional 229 shares during the period. Institutional investors and hedge funds own 99.90% of the company’s stock.
A number of equities analysts recently commented on DECK shares. Cowen started 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. Telsey Advisory Group lowered their target price on shares of Deckers Outdoor from $205.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Zacks Investment Research upgraded Deckers Outdoor from a “sell” rating to a “hold” rating and set a $158.00 price target for the company in a research note on Monday, April 13th. Wells Fargo & Co raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, Pivotal Research lifted their price objective on Deckers Outdoor from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $210.13.
DECK stock opened at $209.25 on Friday. The firm has a 50-day moving average price of $197.97 and a 200-day moving average price of $170.89. Deckers Outdoor Corp has a 12 month low of $78.70 and a 12 month high of $220.36. The company has a current ratio of 3.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $5.86 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 30th. The textile maker reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.83. Deckers Outdoor had a net margin of 13.44% and a return on equity of 27.12%. The business had revenue of $283.17 million during the quarter, compared to analysts’ expectations of $264.52 million. As a group, equities analysts predict that Deckers Outdoor Corp will post 8.37 EPS for the current fiscal year.
Deckers Outdoor Profile
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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