176,205 Shares in Deckers Outdoor Corporation (DECK) Purchased by American Century Companies Inc.
American Century Companies Inc. bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 176,205 shares of the textile maker’s stock, valued at approximately $12,054,000. American Century Companies Inc. owned about 0.55% of Deckers Outdoor Corporation as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DECK. Teachers Advisors LLC grew its holdings in Deckers Outdoor Corporation by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 55,987 shares of the textile maker’s stock valued at $3,344,000 after buying an additional 2,200 shares during the last quarter. Geode Capital Management LLC grew its holdings in Deckers Outdoor Corporation by 6.3% in the 1st quarter. Geode Capital Management LLC now owns 242,445 shares of the textile maker’s stock valued at $14,481,000 after buying an additional 14,423 shares during the last quarter. State Street Corp grew its holdings in Deckers Outdoor Corporation by 1.9% in the 1st quarter. State Street Corp now owns 1,003,223 shares of the textile maker’s stock valued at $59,929,000 after buying an additional 18,553 shares during the last quarter. Credit Suisse AG grew its holdings in Deckers Outdoor Corporation by 127.9% in the 1st quarter. Credit Suisse AG now owns 97,870 shares of the textile maker’s stock valued at $5,846,000 after buying an additional 54,935 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its holdings in Deckers Outdoor Corporation by 8.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 14,325 shares of the textile maker’s stock valued at $978,000 after buying an additional 1,085 shares during the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at $71.32 on Friday. Deckers Outdoor Corporation has a twelve month low of $44.00 and a twelve month high of $73.45. The firm has a market capitalization of $2,279.46, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.55 and a beta of 1.19. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. During the same period last year, the firm posted $1.21 EPS. The business’s revenue was down .7% on a year-over-year basis. equities analysts anticipate that Deckers Outdoor Corporation will post 4.27 earnings per share for the current fiscal year.
Deckers Outdoor Corporation announced that its board has authorized a share buyback plan on Thursday, October 26th that allows the company to buyback $335.00 million in shares. This buyback authorization allows the textile maker to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have issued reports on DECK shares. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $57.00 target price (down previously from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Piper Jaffray Companies set a $66.00 price objective on Deckers Outdoor Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Telsey Advisory Group raised their price objective on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Canaccord Genuity set a $76.00 price objective on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus set a $74.00 price objective on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.43.
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About Deckers Outdoor Corporation
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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