Itau Unibanco Holding S.A. acquired a new stake in shares of Deckers Outdoor Corp (NYSE:DECK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,039 shares of the textile maker’s stock, valued at approximately $164,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Deckers Outdoor by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after acquiring an additional 270 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Deckers Outdoor by 0.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 101,263 shares of the textile maker’s stock valued at $8,126,000 after acquiring an additional 766 shares during the last quarter. ING Groep NV raised its stake in Deckers Outdoor by 23.1% during the 4th quarter. ING Groep NV now owns 4,823 shares of the textile maker’s stock valued at $387,000 after acquiring an additional 904 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Deckers Outdoor by 5.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 19,882 shares of the textile maker’s stock valued at $1,334,000 after acquiring an additional 1,008 shares during the last quarter. Finally, West Coast Financial LLC raised its stake in Deckers Outdoor by 1.5% during the 3rd quarter. West Coast Financial LLC now owns 74,677 shares of the textile maker’s stock valued at $5,109,000 after acquiring an additional 1,094 shares during the last quarter. 99.56% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on DECK shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 27th. Canaccord Genuity set a $76.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday, October 25th. Jefferies Group set a $82.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Sunday, October 29th. BidaskClub raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Saturday, October 28th. Finally, ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $87.43.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.84 by $1.13. The business had revenue of $810.50 million during the quarter, compared to the consensus estimate of $748.38 million. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.11 EPS. research analysts anticipate that Deckers Outdoor Corp will post 5.43 earnings per share for the current year.
Deckers Outdoor announced that its board has authorized a share repurchase program on Thursday, October 26th that permits the company to repurchase $335.00 million in outstanding shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, CEO David Powers sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $95.51, for a total value of $238,775.00. Following the sale, the chief executive officer now owns 92,583 shares in the company, valued at approximately $8,842,602.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas George sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total value of $712,275.00. Following the completion of the sale, the chief financial officer now owns 41,493 shares in the company, valued at approximately $3,940,590.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,168 shares of company stock worth $1,341,189. Insiders own 1.90% of the company’s stock.
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Deckers Outdoor Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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