Renaissance Technologies LLC boosted its stake in Deckers Outdoor Corp (NYSE:DECK) by 334.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,900 shares of the textile maker’s stock after purchasing an additional 212,400 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of Deckers Outdoor worth $22,141,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Nationwide Fund Advisors grew its stake in Deckers Outdoor by 18.8% during the third quarter. Nationwide Fund Advisors now owns 91,312 shares of the textile maker’s stock worth $6,247,000 after buying an additional 14,429 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Deckers Outdoor during the third quarter worth approximately $202,000. Sei Investments Co. grew its stake in Deckers Outdoor by 90.0% during the third quarter. Sei Investments Co. now owns 32,412 shares of the textile maker’s stock worth $2,218,000 after buying an additional 15,349 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Deckers Outdoor during the third quarter worth approximately $1,139,000. Finally, Rhumbline Advisers grew its stake in Deckers Outdoor by 8.4% during the third quarter. Rhumbline Advisers now owns 71,244 shares of the textile maker’s stock worth $4,874,000 after buying an additional 5,506 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Several equities research analysts have issued reports on the stock. Pivotal Research downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a research note on Monday, March 12th. Canaccord Genuity boosted their price objective on shares of Deckers Outdoor from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research note on Tuesday, February 6th. Buckingham Research boosted their price objective on shares of Deckers Outdoor from $73.00 to $89.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Finally, Citigroup boosted their price objective on shares of Deckers Outdoor to $89.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $87.86.
Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The business had revenue of $810.50 million for the quarter, compared to analysts’ expectations of $748.38 million. During the same period in the previous year, the company posted $4.11 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. research analysts anticipate that Deckers Outdoor Corp will post 5.43 EPS for the current year.
In other news, COO David E. Lafitte sold 600 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $90.85, for a total transaction of $54,510.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $95.51, for a total transaction of $238,775.00. Following the transaction, the chief executive officer now directly owns 92,583 shares in the company, valued at $8,842,602.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,768 shares of company stock worth $1,395,699. Corporate insiders own 1.90% of the company’s stock.
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Deckers Outdoor Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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