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APG Asset Management N.V. lifted its position in Deckers Outdoor Corp (NYSE:DECK) by 678.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,400 shares of the textile maker’s stock after purchasing an additional 105,800 shares during the period. APG Asset Management N.V. owned 0.38% of Deckers Outdoor worth $8,113,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its holdings in Deckers Outdoor by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock worth $298,000 after buying an additional 270 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Deckers Outdoor by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock worth $441,000 after buying an additional 440 shares during the period. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Deckers Outdoor by 3.8% during the second quarter. UBS Asset Management Americas Inc. now owns 23,309 shares of the textile maker’s stock worth $1,591,000 after buying an additional 844 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Deckers Outdoor by 5.3% during the third quarter. Great West Life Assurance Co. Can now owns 19,882 shares of the textile maker’s stock worth $1,334,000 after buying an additional 1,008 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Deckers Outdoor Corp (NYSE:DECK) opened at $93.63 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor Corp has a 12-month low of $44.00 and a 12-month high of $98.62. The stock has a market capitalization of $2,788.95, a price-to-earnings ratio of 38.69, a P/E/G ratio of 1.83 and a beta of 1.32.
Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.13. Deckers Outdoor had a return on equity of 18.13% and a net margin of 4.17%. The firm had revenue of $810.50 million for the quarter, compared to the consensus estimate of $748.38 million. During the same period in the prior year, the firm earned $4.11 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts predict that Deckers Outdoor Corp will post 4.37 earnings per share for the current year.
Deckers Outdoor declared that its board has initiated a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $335.00 million in outstanding shares. This repurchase authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts have weighed in on the company. Buckingham Research upped their target price on Deckers Outdoor from $73.00 to $89.00 and gave the stock a “neutral” rating in a report on Friday. Stifel Nicolaus upped their price target on Deckers Outdoor from $93.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird raised Deckers Outdoor from a “neutral” rating to a “positive” rating and upped their price target for the stock from $87.00 to $108.00 in a research report on Friday. Telsey Advisory Group upped their price target on Deckers Outdoor from $96.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.00.
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About Deckers Outdoor
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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