Fuller & Thaler Asset Management Inc. Reduces Holdings in Deckers Outdoor Corp (DECK)

Fuller & Thaler Asset Management Inc. reduced its position in Deckers Outdoor Corp (NYSE:DECK) by 40.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 73,355 shares of the textile maker’s stock after selling 49,190 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Deckers Outdoor were worth $8,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Employees Retirement System of Texas purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at about $1,580,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Deckers Outdoor by 13.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock valued at $49,138,000 after buying an additional 51,685 shares during the period. Northern Trust Corp boosted its stake in shares of Deckers Outdoor by 2.4% in the 2nd quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after buying an additional 17,775 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Deckers Outdoor by 10.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 26,750 shares of the textile maker’s stock valued at $3,018,000 after buying an additional 2,612 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Deckers Outdoor by 15.4% in the 2nd quarter. Amalgamated Bank now owns 5,198 shares of the textile maker’s stock valued at $587,000 after buying an additional 693 shares during the period.

DECK stock opened at $133.24 on Friday. The company has a market cap of $3.79 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. Deckers Outdoor Corp has a fifty-two week low of $72.67 and a fifty-two week high of $137.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.66. The firm had revenue of $501.91 million during the quarter, compared to analysts’ expectations of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same quarter in the previous year, the business earned $1.54 earnings per share. As a group, sell-side analysts anticipate that Deckers Outdoor Corp will post 6.82 earnings per share for the current fiscal year.

In other Deckers Outdoor news, CEO David Powers sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the sale, the chief executive officer now owns 66,047 shares in the company, valued at $8,474,490.57. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Caroti Stefano sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the completion of the sale, the insider now owns 24,252 shares of the company’s stock, valued at approximately $3,152,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,250 shares of company stock valued at $821,965. 0.40% of the stock is owned by company insiders.

Several brokerages have recently issued reports on DECK. Citigroup lifted their price objective on Deckers Outdoor from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, November 12th. Macquarie set a $105.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Buckingham Research boosted their target price on Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Susquehanna Bancshares upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a research note on Friday, October 26th. Finally, UBS Group upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a research note on Friday, October 26th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $118.14.

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Deckers Outdoor Company Profile

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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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 Corp (NYSE:DECK).

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

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