Crossmark Global Holdings Inc. Has $580,000 Position in Deckers Outdoor Corp (DECK)
Crossmark Global Holdings Inc. boosted its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 64.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,530 shares of the textile maker’s stock after buying an additional 1,780 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Deckers Outdoor were worth $580,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC acquired a new position in Deckers Outdoor during the fourth quarter worth about $36,718,000. Wedbush Securities Inc. acquired a new position in Deckers Outdoor during the fourth quarter worth about $212,000. Hanseatic Management Services Inc. acquired a new position in Deckers Outdoor during the fourth quarter worth about $218,000. CAPROCK Group Inc. acquired a new position in Deckers Outdoor during the fourth quarter worth about $261,000. Finally, Ocean Capital Management LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $882,000.
DECK has been the topic of a number of recent research reports. UBS Group upgraded shares of Deckers Outdoor from a “neutral” rating to a “positive” rating in a research report on Friday, October 26th. Buckingham Research lifted their target price on shares of Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. reaffirmed a “hold” rating and set a $104.00 target price on shares of Deckers Outdoor in a research note on Monday, October 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $137.00 target price on shares of Deckers Outdoor in a research note on Tuesday, October 23rd. Finally, Citigroup lifted their target price on shares of Deckers Outdoor from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, November 12th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Deckers Outdoor currently has an average rating of “Hold” and a consensus target price of $125.60.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 31st. The textile maker reported $6.59 EPS for the quarter, topping analysts’ consensus estimates of $5.31 by $1.28. Deckers Outdoor had a net margin of 12.87% and a return on equity of 27.09%. The company had revenue of $873.80 million for the quarter, compared to the consensus estimate of $826.90 million. During the same period in the previous year, the firm earned $4.97 earnings per share. On average, research analysts anticipate that Deckers Outdoor Corp will post 7.97 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/crossmark-global-holdings-inc-has-580000-position-in-deckers-outdoor-corp-deck/2819385.html.
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.
Further Reading: Quiet Period Expirations Explained
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).
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.