Comerica Bank Sells 187 Shares of Deckers Outdoor Corp (DECK)

Comerica Bank decreased its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,674 shares of the textile maker’s stock after selling 187 shares during the period. Comerica Bank’s holdings in Deckers Outdoor were worth $2,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in Deckers Outdoor by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 100 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Deckers Outdoor by 1.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,461 shares of the textile maker’s stock worth $955,000 after purchasing an additional 121 shares in the last quarter. Lavaca Capital LLC raised its holdings in Deckers Outdoor by 16.2% during the first quarter. Lavaca Capital LLC now owns 906 shares of the textile maker’s stock worth $133,000 after purchasing an additional 126 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Deckers Outdoor by 7.7% during the first quarter. Wedbush Securities Inc. now owns 1,783 shares of the textile maker’s stock worth $262,000 after purchasing an additional 127 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in Deckers Outdoor by 0.7% during the fourth quarter. Texas Permanent School Fund now owns 19,057 shares of the textile maker’s stock worth $2,438,000 after purchasing an additional 134 shares in the last quarter.

Shares of Deckers Outdoor stock opened at $150.09 on Thursday. Deckers Outdoor Corp has a 12-month low of $101.62 and a 12-month high of $159.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.06 and a quick ratio of 2.19. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.85 and a beta of 0.74.

Several research analysts recently issued reports on DECK shares. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Monday, April 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $164.00 target price (up from $143.00) on shares of Deckers Outdoor in a report on Friday, February 1st. Bank of America raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and increased their target price for the company from $150.00 to $180.00 in a report on Tuesday. Pivotal Research reaffirmed a “hold” rating on shares of Deckers Outdoor in a report on Monday, January 28th. Finally, Zacks Investment Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $135.50.

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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.

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

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