Deckers Outdoor (NYSE:DECK) Reaches New 12-Month High at $335.67


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Shares of Deckers Outdoor Co. (NYSE:DECK) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $335.67 and last traded at $332.34, with a volume of 3027 shares. The stock had previously closed at $326.92.

A number of equities analysts have issued reports on DECK shares. Raymond James started coverage on Deckers Outdoor in a research report on Friday, December 11th. They set a “market perform” rating on the stock. Exane BNP Paribas upgraded Deckers Outdoor from a “neutral” rating to an “outperform” rating in a research report on Monday, October 12th. Smith Barney Citigroup raised their target price on Deckers Outdoor from $250.00 to $310.00 in a research report on Friday, October 30th. BidaskClub downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. Finally, Robert W. Baird raised their target price on Deckers Outdoor from $240.00 to $325.00 in a research report on Friday, October 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $260.22.

The company’s 50-day moving average price is $291.71 and its two-hundred day moving average price is $240.08. The company has a market cap of $9.17 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.44 and a beta of 0.74. The company has a current ratio of 2.98, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 29th. The textile maker reported $3.58 EPS for the quarter, topping the consensus estimate of $2.68 by $0.90. The firm had revenue of $623.50 million during the quarter, compared to analysts’ expectations of $558.22 million. Deckers Outdoor had a net margin of 14.02% and a return on equity of 26.81%. Deckers Outdoor’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 EPS. As a group, analysts anticipate that Deckers Outdoor Co. will post 11.09 earnings per share for the current year.

In other Deckers Outdoor news, CFO Steven J. Fasching sold 1,000 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $251.02, for a total value of $251,020.00. Following the completion of the sale, the chief financial officer now directly owns 22,057 shares of the company’s stock, valued at approximately $5,536,748.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Thomas Garcia sold 2,247 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $264.00, for a total transaction of $593,208.00. Following the completion of the sale, the senior vice president now directly owns 14,236 shares of the company’s stock, valued at $3,758,304. The disclosure for this sale can be found here. Insiders have sold 82,162 shares of company stock worth $22,912,028 in the last 90 days. 1.33% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Deckers Outdoor by 15.5% during the 3rd quarter. AQR Capital Management LLC now owns 452,299 shares of the textile maker’s stock valued at $98,787,000 after acquiring an additional 60,702 shares in the last quarter. Woodson Capital Management LP increased its holdings in Deckers Outdoor by 26.0% in the 3rd quarter. Woodson Capital Management LP now owns 441,058 shares of the textile maker’s stock worth $97,037,000 after acquiring an additional 91,058 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 40.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 381,640 shares of the textile maker’s stock valued at $83,965,000 after buying an additional 110,811 shares in the last quarter. Samlyn Capital LLC grew its holdings in Deckers Outdoor by 13.0% during the 3rd quarter. Samlyn Capital LLC now owns 378,214 shares of the textile maker’s stock valued at $83,211,000 after buying an additional 43,566 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Deckers Outdoor by 9.6% during the 3rd quarter. Wells Fargo & Company MN now owns 270,814 shares of the textile maker’s stock valued at $59,582,000 after buying an additional 23,610 shares in the last quarter. 86.29% of the stock is owned by institutional investors.

Deckers Outdoor Company Profile (NYSE:DECK)

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; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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