PNC Financial Services Group Inc. trimmed its holdings in shares of Deckers Outdoor Corp (NYSE:DECK) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,114 shares of the textile maker’s stock after selling 636 shares during the quarter. PNC Financial Services Group Inc. owned 0.09% of Deckers Outdoor worth $3,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kovack Advisors Inc. purchased a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $203,000. Tower Research Capital LLC TRC increased its position in shares of Deckers Outdoor by 57.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock valued at $200,000 after acquiring an additional 645 shares during the last quarter. Mission Wealth Management LP purchased a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $200,000. Zacks Investment Management purchased a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $203,000. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $219,000.

In other news, Director John Mersman Gibbons sold 3,000 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $134.00, for a total value of $402,000.00. Following the completion of the transaction, the director now directly owns 28,663 shares of the company’s stock, valued at $3,840,842. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Powers sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 66,047 shares of the company’s stock, valued at $8,474,490.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,250 shares of company stock valued at $821,965. 0.40% of the stock is owned by corporate insiders.

Shares of NYSE DECK opened at $120.41 on Friday. Deckers Outdoor Corp has a 1-year low of $73.93 and a 1-year high of $137.49. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.66 and a beta of 0.78. 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 announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.66. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. The business had revenue of $501.91 million during the quarter, compared to analyst estimates of $496.22 million. During the same period in the prior year, the company earned $1.54 earnings per share. Analysts anticipate that Deckers Outdoor Corp will post 6.82 earnings per share for the current year.

DECK has been the subject of a number of research analyst reports. UBS Group raised Deckers Outdoor to a “neutral” rating in a research report on Thursday, August 23rd. Zacks Investment Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Buckingham Research increased their price target on Deckers Outdoor from $99.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Finally, reaffirmed a “hold” rating and set a $104.00 price target on shares of Deckers Outdoor in a research report on Monday, October 22nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $118.14.

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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; 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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