Contravisory Investment Management Inc. Lowers Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)


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Contravisory Investment Management Inc. decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 25.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,196 shares of the textile maker’s stock after selling 419 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Deckers Outdoor were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Deckers Outdoor in the first quarter worth $2,940,000. Tudor Investment Corp Et Al acquired a new position in shares of Deckers Outdoor during the 2nd quarter valued at $461,000. Private Advisor Group LLC acquired a new position in shares of Deckers Outdoor during the 2nd quarter valued at $27,000. Public Employees Retirement System of Ohio increased its position in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,412 shares of the textile maker’s stock valued at $2,830,000 after purchasing an additional 368 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in shares of Deckers Outdoor during the 2nd quarter valued at $892,000. Institutional investors own 86.29% of the company’s stock.

In other news, CEO David Powers sold 5,674 shares of Deckers Outdoor stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $325.00, for a total value of $1,844,050.00. Following the transaction, the chief executive officer now directly owns 85,110 shares in the company, valued at $27,660,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Garcia sold 2,247 shares of Deckers Outdoor stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $264.00, for a total value of $593,208.00. Following the completion of the transaction, the senior vice president now owns 14,236 shares in the company, valued at $3,758,304. The disclosure for this sale can be found here. Insiders sold 82,162 shares of company stock worth $22,912,028 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on DECK shares. Robert W. Baird lifted their price target on Deckers Outdoor from $240.00 to $325.00 in a research report on Friday, October 30th. Jefferies Financial Group raised their price objective on Deckers Outdoor from $315.00 to $346.00 and gave the stock a “buy” rating in a research note on Tuesday, December 8th. Wedbush raised their target price on Deckers Outdoor from $240.00 to $273.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 21st. Smith Barney Citigroup raised their target price on Deckers Outdoor from $250.00 to $310.00 in a research report on Friday, October 30th. Finally, Pivotal Research raised their target price on Deckers Outdoor from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Deckers Outdoor currently has a consensus rating of “Buy” and an average target price of $260.22.

NYSE DECK opened at $324.34 on Thursday. Deckers Outdoor Co. has a fifty-two week low of $78.70 and a fifty-two week high of $336.32. The stock’s 50-day moving average is $291.71 and its two-hundred day moving average is $240.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.98 and a quick ratio of 2.02. The firm has a market cap of $9.11 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 29th. The textile maker reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.90. The business had revenue of $623.50 million for the quarter, compared to analyst estimates of $558.22 million. Deckers Outdoor had a return on equity of 26.81% and a net margin of 14.02%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. On average, equities analysts expect that Deckers Outdoor Co. will post 11.09 EPS for the current year.

Deckers Outdoor 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; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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

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