SG Americas Securities LLC lowered its position in Deckers Outdoor Corp (NYSE:DECK) by 9.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,368 shares of the textile maker’s stock after selling 361 shares during the quarter. SG Americas Securities LLC’s holdings in Deckers Outdoor were worth $495,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Doyle Wealth Management acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $27,000. Quadrant Capital Group LLC increased its stake in shares of Deckers Outdoor by 284.1% in the first quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock valued at $34,000 after buying an additional 179 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Enlightenment Research LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $38,000. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $51,000.

Several research analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $164.00 price objective (up previously from $143.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. Robert W. Baird increased their target price on shares of Deckers Outdoor from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, February 4th. Bank of America reissued a “neutral” rating and set a $150.00 target price (up previously from $134.00) on shares of Deckers Outdoor in a research report on Friday, February 1st. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Finally, Susquehanna Bancshares raised shares of Deckers Outdoor from a “neutral” rating to a “positive” rating and increased their target price for the company from $161.00 to $169.00 in a research report on Tuesday, May 14th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Deckers Outdoor has an average rating of “Hold” and an average price target of $139.38.

Shares of Deckers Outdoor stock traded up $8.02 on Friday, reaching $155.43. 428,907 shares of the company’s stock were exchanged, compared to its average volume of 558,327. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.85 and a beta of 0.74. Deckers Outdoor Corp has a 52 week low of $101.62 and a 52 week high of $159.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 3.06.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.75. The firm had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $378.82 million. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. On average, equities research analysts forecast that Deckers Outdoor Corp will post 7.99 EPS for the current year.

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About Deckers Outdoor

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; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

Further Reading: Book Value Per Share in Stock Trading

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

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