Alps Advisors Inc. Decreases Stock Position in Deckers Outdoor Corp (NYSE:DECK)

Alps Advisors Inc. cut its holdings in Deckers Outdoor Corp (NYSE:DECK) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,552 shares of the textile maker’s stock after selling 145 shares during the period. Alps Advisors Inc.’s holdings in Deckers Outdoor were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DECK. Nuveen Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 2nd quarter worth about $65,966,000. Bank of Montreal Can increased its holdings in shares of Deckers Outdoor by 192.5% in the 2nd quarter. Bank of Montreal Can now owns 301,758 shares of the textile maker’s stock worth $53,101,000 after buying an additional 198,600 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Deckers Outdoor by 108.3% in the 2nd quarter. Marshall Wace LLP now owns 354,664 shares of the textile maker’s stock worth $62,410,000 after buying an additional 184,415 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Deckers Outdoor by 325.6% in the 2nd quarter. Wells Fargo & Company MN now owns 225,800 shares of the textile maker’s stock worth $39,734,000 after buying an additional 172,746 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Deckers Outdoor by 27.9% in the 2nd quarter. APG Asset Management N.V. now owns 556,300 shares of the textile maker’s stock worth $85,961,000 after buying an additional 121,200 shares during the last quarter.

Shares of NYSE:DECK opened at $164.68 on Thursday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.48 and a beta of 0.88. Deckers Outdoor Corp has a 12 month low of $110.87 and a 12 month high of $180.76. The firm’s 50-day moving average is $151.71 and its 200 day moving average is $155.22. The company has a current ratio of 2.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $2.71 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.37. The business had revenue of $542.21 million for the quarter, compared to the consensus estimate of $529.11 million. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.89%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. As a group, equities analysts forecast that Deckers Outdoor Corp will post 9.07 EPS for the current fiscal year.

Several equities analysts recently commented on DECK shares. Citigroup set a $180.00 price target on shares of Deckers Outdoor and gave the company a “hold” rating in a report on Friday, July 26th. Pivotal Research reiterated a “buy” rating and set a $193.00 price target on shares of Deckers Outdoor in a report on Friday, October 25th. Susquehanna Bancshares upped their price target on shares of Deckers Outdoor from $180.00 to $205.00 in a report on Friday, July 26th. ValuEngine upgraded shares of Deckers Outdoor from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus set a $175.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $175.15.

In other Deckers Outdoor news, CEO David Powers sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $165.00, for a total value of $412,500.00. Following the transaction, the chief executive officer now directly owns 94,150 shares in the company, valued at approximately $15,534,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David E. Lafitte sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $148.44, for a total transaction of $148,440.00. Following the completion of the transaction, the chief operating officer now owns 30,837 shares in the company, valued at $4,577,444.28. The disclosure for this sale can be found here. Insiders sold a total of 14,500 shares of company stock worth $2,311,260 over the last 90 days. Insiders own 0.90% of the company’s stock.

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.

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

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