Prudential Financial Inc. Has $9.89 Million Holdings in Deckers Outdoor Corp (DECK)

Prudential Financial Inc. grew its position in Deckers Outdoor Corp (NYSE:DECK) by 268.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 83,399 shares of the textile maker’s stock after purchasing an additional 60,740 shares during the quarter. Prudential Financial Inc.’s holdings in Deckers Outdoor were worth $9,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Deckers Outdoor during the second quarter worth $159,000. Janney Montgomery Scott LLC acquired a new stake in shares of Deckers Outdoor during the second quarter worth $646,000. Eqis Capital Management Inc. acquired a new stake in shares of Deckers Outdoor during the second quarter worth $404,000. Aperio Group LLC boosted its holdings in shares of Deckers Outdoor by 52.0% during the second quarter. Aperio Group LLC now owns 19,738 shares of the textile maker’s stock worth $2,228,000 after purchasing an additional 6,756 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Deckers Outdoor by 110.7% during the second quarter. Wells Fargo & Company MN now owns 177,876 shares of the textile maker’s stock worth $20,080,000 after purchasing an additional 93,439 shares during the last quarter.

In other news, CEO David Powers sold 1,500 shares of Deckers Outdoor stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $128.31, for a total transaction of $192,465.00. Following the sale, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at $8,474,490.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Caroti Stefano sold 1,750 shares of Deckers Outdoor stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the sale, the insider now directly owns 24,252 shares in the company, valued at $3,152,760. The disclosure for this sale can be found here. Insiders sold 6,250 shares of company stock worth $821,965 in the last quarter. 0.40% of the stock is owned by insiders.

DECK has been the topic of several analyst reports. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their price objective for the stock from $89.00 to $104.00 in a report on Thursday, August 23rd. ValuEngine cut Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Buckingham Research raised their price objective on Deckers Outdoor from $99.00 to $109.00 and gave the stock a “neutral” rating in a report on Thursday, August 16th. Citigroup raised their price objective on Deckers Outdoor from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, November 12th. Finally, Macquarie set a $105.00 target price on Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday, October 30th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Deckers Outdoor presently has a consensus rating of “Hold” and an average price target of $118.14.

Shares of Deckers Outdoor stock opened at $128.46 on Wednesday. Deckers Outdoor Corp has a twelve month low of $73.93 and a twelve month high of $137.49. The firm has a market capitalization of $3.88 billion, a P/E ratio of 22.38, a PEG ratio of 1.77 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.66. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. The firm had revenue of $501.91 million for the quarter, compared to analysts’ expectations of $496.22 million. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, equities research analysts predict that Deckers Outdoor Corp will post 6.82 EPS for the current year.

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Deckers Outdoor Profile

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: Trading Penny Stocks

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

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