Kiwi Wealth Investments Limited Partnership acquired a new position in Deckers Outdoor Corp (NYSE:DECK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,200 shares of the textile maker’s stock, valued at approximately $2,167,000. Kiwi Wealth Investments Limited Partnership owned approximately 0.06% of Deckers Outdoor as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DECK. Optimum Investment Advisors purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at about $101,000. Meeder Asset Management Inc. raised its stake in shares of Deckers Outdoor by 352.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,318 shares of the textile maker’s stock valued at $149,000 after buying an additional 1,027 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in shares of Deckers Outdoor during the 2nd quarter valued at about $169,000. Mission Wealth Management LP purchased a new position in shares of Deckers Outdoor during the 2nd quarter valued at about $200,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Deckers Outdoor during the 2nd quarter valued at about $212,000.
A number of equities analysts have weighed in on DECK shares. UBS Group upgraded Deckers Outdoor to a “neutral” rating in a research note on Thursday, August 23rd. Stifel Nicolaus cut Deckers Outdoor from a “buy” rating to a “hold” rating and raised their target price for the company from $120.00 to $123.00 in a research report on Friday, July 27th. They noted that the move was a valuation call. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their target price for the company from $89.00 to $104.00 in a research report on Thursday, August 23rd. Canaccord Genuity raised their target price on Deckers Outdoor from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, May 21st. Finally, Zacks Investment Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Monday, May 28th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $113.77.
In other Deckers Outdoor news, Director Brian Spaly bought 1,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, July 31st. The stock was acquired at an average cost of $113.17 per share, with a total value of $113,170.00. Following the completion of the acquisition, the director now owns 1,087 shares of the company’s stock, valued at $123,015.79. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.
Shares of DECK stock traded down $3.49 on Friday, reaching $113.67. 399,142 shares of the stock were exchanged, compared to its average volume of 463,794. The company has a current ratio of 2.93, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. Deckers Outdoor Corp has a twelve month low of $62.05 and a twelve month high of $124.68. The company has a market cap of $3.55 billion, a P/E ratio of 19.59, a PEG ratio of 1.53 and a beta of 1.10.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 26th. The textile maker reported ($0.98) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.44. Deckers Outdoor had a net margin of 6.49% and a return on equity of 20.26%. The company had revenue of $250.60 million during the quarter, compared to the consensus estimate of $226.31 million. During the same quarter in the prior year, the firm posted ($1.28) earnings per share. Deckers Outdoor’s revenue for the quarter was up 19.5% on a year-over-year basis. equities analysts forecast that Deckers Outdoor Corp will post 6.44 EPS 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: Fiduciary
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.