Alberta Investment Management Corp Increases Holdings in Deckers Outdoor Corp (NYSE:DECK)

Alberta Investment Management Corp grew its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 3.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 20,400 shares of the textile maker’s stock after acquiring an additional 600 shares during the quarter. Alberta Investment Management Corp’s holdings in Deckers Outdoor were worth $2,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Foundry Partners LLC purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at about $5,338,000. PNC Financial Services Group Inc. grew its holdings in Deckers Outdoor by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,044 shares of the textile maker’s stock valued at $676,000 after purchasing an additional 399 shares during the last quarter. Trillium Asset Management LLC grew its holdings in Deckers Outdoor by 3.4% during the 1st quarter. Trillium Asset Management LLC now owns 18,733 shares of the textile maker’s stock valued at $2,510,000 after purchasing an additional 611 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in Deckers Outdoor during the 1st quarter valued at about $2,150,000. Finally, First Trust Advisors LP grew its holdings in Deckers Outdoor by 33.2% during the 1st quarter. First Trust Advisors LP now owns 19,764 shares of the textile maker’s stock valued at $2,648,000 after purchasing an additional 4,923 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

NYSE DECK opened at $179.24 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.89. The firm’s 50 day moving average price is $142.30 and its 200-day moving average price is $160.31. Deckers Outdoor Corp has a 52-week low of $78.70 and a 52-week high of $203.19. The company has a market cap of $4.70 billion, a PE ratio of 17.23, a P/E/G ratio of 1.64 and a beta of 0.90.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.48. Deckers Outdoor had a net margin of 12.95% and a return on equity of 27.29%. The firm had revenue of $374.90 million for the quarter, compared to the consensus estimate of $355.40 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts forecast that Deckers Outdoor Corp will post 6.93 earnings per share for the current fiscal year.

Several brokerages recently commented on DECK. Bank of America upped their price target on shares of Deckers Outdoor from $210.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Co upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird upped their price target on shares of Deckers Outdoor from $205.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, January 31st. BTIG Research upped their price target on shares of Deckers Outdoor from $201.00 to $208.00 and gave the company a “buy” rating in a report on Friday. Finally, Wedbush upped their target price on shares of Deckers Outdoor from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $188.94.

About Deckers Outdoor

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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