Beck Bode LLC Acquires 8,266 Shares of Deckers Outdoor Corp (NYSE:DECK)
Beck Bode LLC grew its holdings in Deckers Outdoor Corp (NYSE:DECK) by 46.3% during the third quarter, HoldingsChannel.com reports. The firm owned 26,137 shares of the textile maker’s stock after acquiring an additional 8,266 shares during the quarter. Deckers Outdoor makes up about 1.7% of Beck Bode LLC’s holdings, making the stock its 23rd biggest holding. Beck Bode LLC’s holdings in Deckers Outdoor were worth $3,852,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in DECK. Covington Capital Management purchased a new stake in Deckers Outdoor in the 2nd quarter worth $25,000. Coastal Investment Advisors Inc. purchased a new position in Deckers Outdoor in the second quarter valued at $26,000. Shamrock Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth approximately $27,000. Doyle Wealth Management acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $37,000. Finally, SRS Capital Advisors Inc. acquired a new position in shares of Deckers Outdoor during the second quarter worth $56,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
Several equities analysts have issued reports on DECK shares. ValuEngine raised Deckers Outdoor from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Wells Fargo & Co raised Deckers Outdoor from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $177.00 to $195.00 in a research report on Monday, November 25th. Pivotal Research reaffirmed a “buy” rating and issued a $193.00 target price on shares of Deckers Outdoor in a report on Friday, October 25th. Bank of America set a $202.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus set a $175.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Deckers Outdoor has a consensus rating of “Buy” and an average target price of $180.23.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.37. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.89%. The business had revenue of $542.21 million during the quarter, compared to analysts’ expectations of $529.11 million. During the same period last year, the firm posted $2.38 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Deckers Outdoor Corp will post 9.07 EPS for the current fiscal year.
In other news, COO David E. Lafitte sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $148.44, for a total transaction of $148,440.00. Following the transaction, the chief operating officer now directly owns 30,837 shares in the company, valued at approximately $4,577,444.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Mersman Gibbons sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $161.32, for a total value of $483,960.00. Following the completion of the transaction, the director now owns 22,528 shares in the company, valued at approximately $3,634,216.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,500 shares of company stock valued at $2,311,260. Company insiders own 0.90% of the company’s stock.
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.
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