67,075 Shares in Deckers Outdoor Corporation $DECK Purchased by Skylands Capital LLC

Skylands Capital LLC purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, Holdings Channel.com reports. The fund purchased 67,075 shares of the textile maker’s stock, valued at approximately $5,241,000.

Several other institutional investors have also recently made changes to their positions in DECK. Crossmark Global Holdings Inc. grew its position in Deckers Outdoor by 176.9% in the third quarter. Crossmark Global Holdings Inc. now owns 24,742 shares of the textile maker’s stock worth $1,933,000 after acquiring an additional 15,806 shares during the period. Inlet Private Wealth LLC purchased a new stake in Deckers Outdoor in the third quarter valued at $1,544,000. Quadrant Capital Group LLC raised its position in Deckers Outdoor by 4.2% in the third quarter. Quadrant Capital Group LLC now owns 9,937 shares of the textile maker’s stock valued at $835,000 after purchasing an additional 403 shares during the period. Diversify Advisory Services LLC raised its position in Deckers Outdoor by 6.1% in the third quarter. Diversify Advisory Services LLC now owns 10,908 shares of the textile maker’s stock valued at $944,000 after purchasing an additional 625 shares during the period. Finally, Net Worth Advisory Group raised its position in Deckers Outdoor by 88.7% in the third quarter. Net Worth Advisory Group now owns 4,134 shares of the textile maker’s stock valued at $329,000 after purchasing an additional 1,943 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $85.35 on Thursday. The firm has a market cap of $11.63 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.36 and a beta of 1.12. The firm’s 50 day moving average price is $83.83 and its 200-day moving average price is $97.09. Deckers Outdoor Corporation has a one year low of $77.20 and a one year high of $122.29.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts predict that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DECK shares. UBS Group reaffirmed a “buy” rating and issued a $140.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 15th. Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.84.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.