BNP Paribas Invests $1.51 Million in Deckers Outdoor Co. (NYSE:DECK)

BNP Paribas purchased a new position in Deckers Outdoor Co. (NYSE:DECKFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,606 shares of the textile maker’s stock, valued at approximately $1,512,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Deckers Outdoor by 12.4% during the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after acquiring an additional 600 shares in the last quarter. Intrust Bank NA lifted its holdings in Deckers Outdoor by 1.3% during the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after acquiring an additional 38 shares in the last quarter. Cim LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $2,311,000. Advisor Resource Council bought a new position in Deckers Outdoor during the fourth quarter worth about $970,000. Finally, Advisors Preferred LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $2,271,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Price Performance

NYSE DECK traded up $2.02 during trading on Monday, reaching $941.34. 51,745 shares of the company’s stock were exchanged, compared to its average volume of 393,965. The business has a 50 day moving average price of $960.37 and a 200-day moving average price of $870.58. The stock has a market capitalization of $23.95 billion, a P/E ratio of 32.07, a PEG ratio of 3.14 and a beta of 1.06. Deckers Outdoor Co. has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.46 earnings per share. On average, analysts forecast that Deckers Outdoor Co. will post 30.59 earnings per share for the current year.

Insider Activity

In other news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the transaction, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the completion of the sale, the director now directly owns 6,204 shares in the company, valued at $6,681,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 10,955 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,101 shares of company stock valued at $28,858,562. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the topic of a number of research reports. Evercore ISI boosted their price target on Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a report on Friday, May 24th. TD Cowen boosted their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a report on Friday, May 24th. Stifel Nicolaus boosted their price target on Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a report on Friday, May 24th. Wedbush boosted their price target on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, KeyCorp boosted their price target on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $1,023.44.

Check Out Our Latest Stock Report on Deckers Outdoor

Deckers Outdoor Profile

(Free Report)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

See Also

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

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