Cerebellum GP LLC bought a new stake in Deckers Outdoor Corp (NYSE:DECK) during the 3rd quarter, Holdings Channel reports. The firm bought 2,885 shares of the textile maker’s stock, valued at approximately $425,000.
Several other hedge funds also recently made changes to their positions in DECK. Alpha Windward LLC purchased a new stake in shares of Deckers Outdoor in the third quarter valued at approximately $460,000. North Star Investment Management Corp. purchased a new stake in shares of Deckers Outdoor in the third quarter valued at approximately $66,000. State of Alaska Department of Revenue purchased a new stake in shares of Deckers Outdoor in the third quarter valued at approximately $757,000. Hancock Whitney Corp boosted its stake in shares of Deckers Outdoor by 4.4% in the second quarter. Hancock Whitney Corp now owns 17,824 shares of the textile maker’s stock valued at $3,136,000 after buying an additional 749 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $210,000.
DECK has been the topic of a number of analyst reports. ValuEngine downgraded Deckers Outdoor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Wedbush lifted their price target on Deckers Outdoor from $138.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. They noted that the move was a valuation call. Stifel Nicolaus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and lifted their price target for the company from $166.00 to $170.00 in a research note on Friday. Robert W. Baird set a $180.00 price target on Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Bank of America restated a “buy” rating and issued a $200.00 price target (up from $180.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $163.80.
Shares of DECK stock opened at $153.39 on Tuesday. The stock has a fifty day moving average price of $145.09 and a 200 day moving average price of $154.12. The stock has a market cap of $4.45 billion, a PE ratio of 16.84, a P/E/G ratio of 1.46 and a beta of 0.85. Deckers Outdoor Corp has a 1 year low of $104.47 and a 1 year high of $180.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.69.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.15) by $0.48. The firm had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $259.71 million. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. Deckers Outdoor’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.98) earnings per share. As a group, equities research analysts predict that Deckers Outdoor Corp will post 8.7 earnings per share for the current 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.
Read More: Stock Symbols and CUSIP Explained
Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corp (NYSE:DECK).
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.