Penobscot Investment Management Company Inc. Boosts Holdings in Deckers Outdoor Co. (NYSE:DECK)

Penobscot Investment Management Company Inc. boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 56.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,605 shares of the textile maker’s stock after buying an additional 1,300 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Deckers Outdoor were worth $2,410,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Morgan Stanley boosted its position in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after purchasing an additional 527,546 shares in the last quarter. Invesco Ltd. boosted its position in shares of Deckers Outdoor by 8.9% during the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock worth $234,917,000 after purchasing an additional 37,194 shares in the last quarter. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 2.6% during the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock worth $119,030,000 after purchasing an additional 5,972 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Deckers Outdoor during the 3rd quarter worth $72,727,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Deckers Outdoor by 12.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock worth $72,694,000 after purchasing an additional 15,541 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DECK has been the subject of several research reports. KeyCorp initiated coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target for the company. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. UBS Group boosted their target price on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Raymond James boosted their target price on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Trading Down 1.7 %

Shares of NYSE DECK traded down $14.28 on Tuesday, reaching $818.15. 87,582 shares of the company traded hands, compared to its average volume of 423,151. The stock has a market capitalization of $21.00 billion, a PE ratio of 29.52, a P/E/G ratio of 1.48 and a beta of 1.01. The company has a 50 day moving average of $881.65 and a 200 day moving average of $752.31. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $10.48 EPS. As a group, research analysts expect that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares of the company’s stock, valued at $24,733,320.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.