Deckers Outdoor Corporation $DECK Stock Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 116.1% during the third quarter, HoldingsChannel.com reports. The firm owned 10,644 shares of the textile maker’s stock after acquiring an additional 5,719 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Deckers Outdoor were worth $863,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DECK. Bank of America lowered their target price on Deckers Outdoor from $115.00 to $105.00 in a report on Friday, July 24th. Raymond James Financial decreased their target price on Deckers Outdoor from $105.00 to $92.00 in a research note on Friday, October 23rd. BMO Capital Markets restated an “underperform” rating on shares of Deckers Outdoor in a report on Monday, October 26th. Evercore reduced their price objective on shares of Deckers Outdoor from $108.00 to $90.00 in a report on Friday, October 23rd. Finally, Jefferies Financial Group decreased their target price on Deckers Outdoor from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.86.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $89.75 on Wednesday. Deckers Outdoor Corporation has a fifty-two week low of $77.20 and a fifty-two week high of $122.29. The company has a market capitalization of $11.98 billion, a P/E ratio of 11.90, a PEG ratio of 1.45 and a beta of 1.10. The stock has a 50-day simple moving average of $82.45 and a 200-day simple moving average of $98.79.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. As a group, analysts forecast that Deckers Outdoor Corporation will post 7.89 earnings per share for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.