Deckers Outdoor Corporation $DECK Shares Newly Acquired by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,591 shares of the textile maker’s stock, valued at approximately $906,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Deckers Outdoor in the second quarter valued at approximately $1,343,613,000. Bank of New York Mellon Corp acquired a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $170,905,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $119,656,000. Deutsche Bank AG bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $100,620,000. Finally, Man Group plc bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $82,448,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DECK. Robert W. Baird decreased their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 15th. Needham & Company LLC cut their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, July 24th. Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Raymond James Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the stock an “outperform” rating in a research report on Friday, October 16th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $111.84.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $85.35 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 market capitalization of $11.63 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.36 and a beta of 1.12. The company has a 50-day simple moving average of $83.83 and a 200 day simple moving average of $97.09.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 7.50 EPS for the current year.

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.