Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECKGet Rating) by 12.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,506 shares of the textile maker’s stock after selling 370 shares during the period. Shell Asset Management Co.’s holdings in Deckers Outdoor were worth $686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $9,044,000. Great Lakes Advisors LLC raised its holdings in shares of Deckers Outdoor by 2.0% during the fourth quarter. Great Lakes Advisors LLC now owns 3,538 shares of the textile maker’s stock worth $1,296,000 after purchasing an additional 71 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Deckers Outdoor by 21.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 13,372 shares of the textile maker’s stock worth $4,899,000 after purchasing an additional 2,363 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $1,213,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Deckers Outdoor by 389.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,855 shares of the textile maker’s stock worth $1,045,000 after purchasing an additional 2,272 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 0.3 %

Deckers Outdoor stock opened at $314.01 on Tuesday. Deckers Outdoor Co. has a 52 week low of $212.93 and a 52 week high of $451.49. The company’s 50-day moving average price is $268.76 and its two-hundred day moving average price is $275.17. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 19.32 and a beta of 0.91.

Deckers Outdoor (NYSE:DECKGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The textile maker reported $2.51 earnings per share for the quarter, beating the consensus estimate of $1.35 by $1.16. Deckers Outdoor had a net margin of 13.76% and a return on equity of 29.72%. The company had revenue of $736.00 million during the quarter, compared to analyst estimates of $639.81 million. During the same quarter last year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Research analysts expect that Deckers Outdoor Co. will post 18.06 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has authorized a stock buyback plan on Thursday, July 28th that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the textile maker to buy up to 14.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Cowen increased their price objective on shares of Deckers Outdoor from $407.00 to $415.00 in a report on Friday. BTIG Research dropped their price objective on shares of Deckers Outdoor from $487.00 to $477.00 and set a “buy” rating on the stock in a report on Thursday, July 21st. Cowen increased their price objective on shares of Deckers Outdoor from $407.00 to $415.00 in a report on Friday. Robert W. Baird dropped their price objective on shares of Deckers Outdoor from $525.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday, May 20th. Finally, Wells Fargo & Company began coverage on shares of Deckers Outdoor in a report on Monday, June 27th. They issued an “equal weight” rating and a $280.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.00.

Deckers Outdoor Profile

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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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