Exane Asset Management Acquires Shares of 24,871 Deckers Outdoor Co. (NYSE:DECK)

Exane Asset Management acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECKGet Rating) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,871 shares of the textile maker’s stock, valued at approximately $6,351,000. Deckers Outdoor makes up 4.2% of Exane Asset Management’s investment portfolio, making the stock its 7th biggest position. Exane Asset Management owned 0.09% of Deckers Outdoor as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Endurance Wealth Management Inc. acquired a new position in shares of Deckers Outdoor in the 1st quarter worth approximately $27,000. Allworth Financial LP boosted its holdings in shares of Deckers Outdoor by 15,500.0% in the 1st quarter. Allworth Financial LP now owns 156 shares of the textile maker’s stock worth $43,000 after acquiring an additional 155 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Deckers Outdoor in the 1st quarter worth approximately $43,000. Quadrant Capital Group LLC boosted its holdings in shares of Deckers Outdoor by 187.1% in the 1st quarter. Quadrant Capital Group LLC now owns 178 shares of the textile maker’s stock worth $49,000 after acquiring an additional 116 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Deckers Outdoor by 63.6% in the 1st quarter. Signaturefd LLC now owns 193 shares of the textile maker’s stock worth $53,000 after acquiring an additional 75 shares in the last quarter. 97.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company began coverage on Deckers Outdoor in a report on Monday, June 27th. They issued an “equal weight” rating and a $280.00 target price on the stock. Wedbush upgraded shares of Deckers Outdoor from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $320.00 to $410.00 in a research report on Thursday, September 15th. UBS Group boosted their price objective on shares of Deckers Outdoor from $378.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Cowen boosted their price objective on shares of Deckers Outdoor from $407.00 to $415.00 in a research report on Friday, July 29th. Finally, BTIG Research dropped their price objective on shares of Deckers Outdoor from $487.00 to $477.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.10.

Deckers Outdoor Stock Down 1.9 %

Shares of DECK traded down $6.00 during trading hours on Friday, reaching $315.88. The stock had a trading volume of 7,584 shares, compared to its average volume of 295,426. Deckers Outdoor Co. has a 52 week low of $212.93 and a 52 week high of $448.07. The firm has a 50-day moving average of $320.21 and a 200 day moving average of $283.30. The company has a market cap of $8.38 billion, a P/E ratio of 19.81 and a beta of 0.90.

Deckers Outdoor (NYSE:DECKGet Rating) last released its quarterly earnings data on Thursday, July 28th. The textile maker reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Deckers Outdoor had a net margin of 13.76% and a return on equity of 29.72%. The business had revenue of $614.46 million during the quarter, compared to analysts’ expectations of $575.31 million. As a group, equities analysts expect that Deckers Outdoor Co. will post 18.1 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has authorized a share buyback program on Thursday, July 28th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the textile maker to purchase up to 14.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 2,925 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $349.50, for a total value of $1,022,287.50. Following the completion of the sale, the chief executive officer now owns 100,972 shares in the company, valued at approximately $35,289,714. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Bonita C. Stewart sold 500 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $350.00, for a total value of $175,000.00. Following the completion of the transaction, the director now directly owns 14,019 shares of the company’s stock, valued at approximately $4,906,650. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Powers sold 2,925 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $349.50, for a total transaction of $1,022,287.50. Following the completion of the transaction, the chief executive officer now directly owns 100,972 shares of the company’s stock, valued at $35,289,714. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Deckers Outdoor Profile

(Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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