Principal Financial Group Inc. decreased its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,631 shares of the textile maker’s stock after selling 21,274 shares during the period. Principal Financial Group Inc.’s holdings in Deckers Outdoor were worth $40,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings in shares of Deckers Outdoor by 64.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,530 shares of the textile maker’s stock worth $580,000 after buying an additional 1,780 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Deckers Outdoor by 65.3% in the 4th quarter. Rhumbline Advisers now owns 90,331 shares of the textile maker’s stock worth $11,558,000 after buying an additional 35,693 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Deckers Outdoor by 17.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,941 shares of the textile maker’s stock worth $2,040,000 after buying an additional 2,411 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Deckers Outdoor by 45.2% in the 4th quarter. LS Investment Advisors LLC now owns 2,511 shares of the textile maker’s stock worth $321,000 after buying an additional 782 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of Deckers Outdoor by 18.2% in the 4th quarter. Cigna Investments Inc. New now owns 4,211 shares of the textile maker’s stock worth $539,000 after buying an additional 649 shares during the last quarter.

In other news, Director Lauri M. Shanahan sold 1,813 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $155.53, for a total value of $281,975.89. Following the completion of the sale, the director now directly owns 12,131 shares of the company’s stock, valued at approximately $1,886,734.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrea O’donnell sold 2,100 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.13, for a total transaction of $321,573.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,263 shares of company stock worth $807,763. Insiders own 0.40% of the company’s stock.

Deckers Outdoor stock traded up $2.67 during trading hours on Wednesday, reaching $170.39. The stock had a trading volume of 8,337 shares, compared to its average volume of 568,223. The firm has a market cap of $4.95 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.75. Deckers Outdoor Corp has a 52 week low of $101.69 and a 52 week high of $168.51. The company has a quick ratio of 3.26, a current ratio of 4.37 and a debt-to-equity ratio of 0.03.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.75. The business had revenue of $394.10 million for the quarter, compared to analyst estimates of $378.82 million. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. As a group, sell-side analysts expect that Deckers Outdoor Corp will post 8.45 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a report on Wednesday, May 29th. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday. Susquehanna Bancshares raised shares of Deckers Outdoor from a “neutral” rating to a “positive” rating and increased their target price for the company from $161.00 to $169.00 in a report on Tuesday, May 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $173.00 target price (up previously from $150.00) on shares of Deckers Outdoor in a report on Friday, May 24th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $146.00 target price (up previously from $138.00) on shares of Deckers Outdoor in a report on Monday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $145.50.

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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.

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

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