Deckers Outdoor Corp (DECK) Stake Raised by Hancock Holding Co.

Hancock Holding Co. grew its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 135.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,895 shares of the textile maker’s stock after buying an additional 17,795 shares during the period. Hancock Holding Co. owned 0.10% of Deckers Outdoor worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in DECK. BlackRock Inc. increased its position in Deckers Outdoor by 8.7% in the first quarter. BlackRock Inc. now owns 3,652,951 shares of the textile maker’s stock worth $328,874,000 after purchasing an additional 292,449 shares during the last quarter. Bank of New York Mellon Corp increased its position in Deckers Outdoor by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,132,706 shares of the textile maker’s stock worth $90,898,000 after purchasing an additional 27,266 shares during the last quarter. Alliancebernstein L.P. increased its position in Deckers Outdoor by 1,206.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,094,351 shares of the textile maker’s stock worth $87,822,000 after purchasing an additional 1,010,608 shares during the last quarter. American Century Companies Inc. increased its position in Deckers Outdoor by 7.3% in the first quarter. American Century Companies Inc. now owns 869,825 shares of the textile maker’s stock worth $78,310,000 after purchasing an additional 59,010 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Deckers Outdoor by 277.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 529,607 shares of the textile maker’s stock worth $42,501,000 after purchasing an additional 389,116 shares during the last quarter.

Several equities research analysts recently weighed in on DECK shares. Buckingham Research boosted their price target on shares of Deckers Outdoor from $95.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, May 25th. Telsey Advisory Group boosted their price target on shares of Deckers Outdoor from $101.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st. Canaccord Genuity set a $122.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Sunday, May 27th. Pivotal Research set a $112.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Finally, Citigroup boosted their price target on shares of Deckers Outdoor from $100.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $98.23.

In other news, CFO Thomas George sold 11,000 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $107.83, for a total transaction of $1,186,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David E. Lafitte sold 600 shares of the business’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $92.93, for a total transaction of $55,758.00. The disclosure for this sale can be found here. Insiders have sold 12,350 shares of company stock valued at $1,324,178 over the last three months. Insiders own 1.90% of the company’s stock.

Deckers Outdoor opened at $119.33 on Thursday, Marketbeat.com reports. The company has a current ratio of 4.81, a quick ratio of 3.23 and a debt-to-equity ratio of 0.03. Deckers Outdoor Corp has a twelve month low of $61.37 and a twelve month high of $122.21. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.59 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 24th. The textile maker reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.31. Deckers Outdoor had a net margin of 6.01% and a return on equity of 19.05%. The business had revenue of $400.70 million for the quarter, compared to analysts’ expectations of $376.16 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. analysts anticipate that Deckers Outdoor Corp will post 6.35 EPS for the current fiscal year.

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 under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.

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

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