12,975 Shares in Deckers Outdoor Corporation $DECK Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,975 shares of the textile maker’s stock, valued at approximately $1,014,000.

A number of other institutional investors also recently added to or reduced their stakes in DECK. BlackRock Inc. purchased a new position in Deckers Outdoor in the second quarter worth approximately $1,343,613,000. Bank of New York Mellon Corp acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $170,905,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Deckers Outdoor in the 2nd quarter valued at approximately $119,656,000. Deutsche Bank AG purchased a new stake in shares of Deckers Outdoor in the 2nd quarter valued at approximately $100,620,000. Finally, Man Group plc purchased a new stake in shares of Deckers Outdoor in the 2nd quarter valued at approximately $82,448,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 0.2%

Shares of DECK opened at $80.73 on Thursday. The stock has a 50 day moving average price of $82.96 and a 200 day moving average price of $99.47. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.21 and a beta of 1.12. Deckers Outdoor Corporation has a 52-week low of $77.20 and a 52-week high of $122.29.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 EPS for the quarter, beating the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “sell” rating and set a $75.00 target price (down from $86.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. BNP Paribas Exane dropped their target price on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, October 23rd. Robert W. Baird set a $95.00 price target on Deckers Outdoor in a research note on Friday, October 23rd. Barclays set a $100.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Sanford C. Bernstein decreased their price target on Deckers Outdoor from $105.00 to $100.00 in a report on Friday, October 23rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $105.81.

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.