Pinnacle Wealth Planning Services Inc. Invests $222,000 in Deckers Outdoor Corp (DECK)

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Deckers Outdoor Corp (NYSE:DECK) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,733 shares of the textile maker’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Doyle Wealth Management bought a new position in Deckers Outdoor in the fourth quarter worth about $27,000. Penserra Capital Management LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $31,000. Enlightenment Research LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $38,000. Duncker Streett & Co. Inc. bought a new position in Deckers Outdoor in the fourth quarter worth about $51,000. Finally, We Are One Seven LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $90,000.

DECK has been the topic of several recent analyst reports. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Monday, April 15th. Canaccord Genuity set a $143.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, January 18th. Jefferies Financial Group set a $132.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research report on Saturday, February 2nd. Zacks Investment Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $161.00 price objective (up previously from $150.00) on shares of Deckers Outdoor in a research report on Wednesday, February 27th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Deckers Outdoor presently has a consensus rating of “Hold” and an average target price of $129.40.

Deckers Outdoor stock traded up $0.68 during mid-day trading on Friday, hitting $153.40. The company had a trading volume of 364,964 shares, compared to its average volume of 412,246. Deckers Outdoor Corp has a 12-month low of $88.87 and a 12-month high of $154.64. The firm has a market cap of $4.47 billion, a PE ratio of 26.72, a P/E/G ratio of 1.54 and a beta of 0.72. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 31st. The textile maker reported $6.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.31 by $1.28. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. The firm had revenue of $873.80 million for the quarter, compared to analyst estimates of $826.90 million. During the same quarter last year, the firm posted $4.97 EPS. On average, equities research analysts forecast that Deckers Outdoor Corp will post 7.96 EPS for the current year.

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Deckers Outdoor Company 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: Cash Flow Analysis in Stock Selection

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

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