19,755 Shares in Deckers Outdoor Corporation $DECK Acquired by Inlet Private Wealth LLC

by · The Markets Daily

Inlet Private Wealth LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 19,755 shares of the textile maker’s stock, valued at approximately $1,544,000.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new position in shares of Deckers Outdoor during the 2nd quarter worth $30,000. Continuum Advisory LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $38,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $31,000. Hilton Head Capital Partners LLC increased its stake in shares of Deckers Outdoor by 29.8% in the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after purchasing an additional 101 shares in the last quarter. Finally, Westfuller Advisors LLC increased its stake in shares of Deckers Outdoor by 28,000.0% in the 1st quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock worth $56,000 after purchasing an additional 560 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 2.3%

NYSE DECK opened at $85.35 on Thursday. The stock’s 50 day moving average is $83.83 and its 200 day moving average is $97.09. Deckers Outdoor Corporation has a 12 month low of $77.20 and a 12 month high of $122.29. The stock has a market cap of $11.63 billion, a PE ratio of 12.11, a P/E/G ratio of 1.36 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. On average, analysts forecast that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DECK. Needham & Company LLC decreased their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 15th. BMO Capital Markets initiated coverage on Deckers Outdoor in a report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price target for the company. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Hold” and an average price target of $111.84.

Get Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Company Profile

(Free Report)

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

Read More

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK – Free Report).