Crossmark Global Holdings Inc. purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,960 shares of the textile maker’s stock, valued at approximately $202,000.

Several other institutional investors have also modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Deckers Outdoor by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock worth $318,000 after acquiring an additional 25 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Deckers Outdoor by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,500 shares of the textile maker’s stock valued at $922,000 after buying an additional 200 shares in the last quarter. State Treasurer State of Michigan lifted its stake in shares of Deckers Outdoor by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 13,200 shares of the textile maker’s stock valued at $901,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Deckers Outdoor by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the textile maker’s stock valued at $567,000 after buying an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund lifted its stake in shares of Deckers Outdoor by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 23,356 shares of the textile maker’s stock valued at $1,594,000 after buying an additional 233 shares in the last quarter. Institutional investors and hedge funds own 99.57% of the company’s stock.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at $76.75 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2,387.20, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. Deckers Outdoor Corporation has a fifty-two week low of $44.00 and a fifty-two week high of $77.76.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. Deckers Outdoor’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. equities research analysts predict that Deckers Outdoor Corporation will post 4.27 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase $335.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley lifted their target price on shares of Deckers Outdoor from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Piper Jaffray Companies restated a “hold” rating and set a $66.00 target price on shares of Deckers Outdoor in a research note on Friday, September 29th. UBS cut shares of Deckers Outdoor to a “neutral” rating in a research note on Monday, October 16th. Finally, Susquehanna Bancshares restated a “neutral” rating and set a $57.00 target price on shares of Deckers Outdoor in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $69.77.

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About Deckers Outdoor

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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

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