Deckers Outdoor Corp (NYSE:DECK) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP grew its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 10.8% in the first quarter, Holdings Channel reports. The institutional investor owned 2,128 shares of the textile maker’s stock after purchasing an additional 207 shares during the period. Mission Wealth Management LP’s holdings in Deckers Outdoor were worth $313,000 as of its most recent filing with the SEC.

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

In other news, Director Lauri M. Shanahan sold 1,813 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $155.53, for a total transaction of $281,975.89. Following the sale, the director now directly owns 12,131 shares of the company’s stock, valued at $1,886,734.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David E. Lafitte sold 1,350 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $151.27, for a total transaction of $204,214.50. Following the sale, the chief operating officer now directly owns 23,113 shares in the company, valued at $3,496,303.51. The disclosure for this sale can be found here. Insiders have sold 5,263 shares of company stock worth $807,763 over the last three months. 0.40% of the stock is owned by insiders.

DECK opened at $174.37 on Friday. Deckers Outdoor Corp has a one year low of $101.69 and a one year high of $176.80. The company has a current ratio of 4.37, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. The company has a market cap of $5.08 billion, a PE ratio of 19.73, a P/E/G ratio of 1.77 and a beta of 0.75.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.75. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The business had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $378.82 million. During the same period in the prior year, the firm earned $0.50 earnings per share. Deckers Outdoor’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Corp will post 8.45 EPS for the current fiscal year.

A number of research firms recently weighed in on DECK. Telsey Advisory Group reissued an “outperform” rating and issued a $189.00 target price (up previously from $173.00) on shares of Deckers Outdoor in a research note on Thursday. Macquarie set a $155.00 price objective on shares of Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday, June 11th. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a research note on Wednesday, May 29th. Finally, Pivotal Research upped their price objective on shares of Deckers Outdoor to $152.00 in a research note on Friday, May 24th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $146.50.

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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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