Verition Fund Management LLC Cuts Position in Deckers Outdoor Corp (DECK)

Share on StockTwits

Verition Fund Management LLC lessened its holdings in Deckers Outdoor Corp (NYSE:DECK) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,305 shares of the textile maker’s stock after selling 950 shares during the period. Verition Fund Management LLC’s holdings in Deckers Outdoor were worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its position in Deckers Outdoor by 8.7% during the first quarter. BlackRock Inc. now owns 3,652,951 shares of the textile maker’s stock valued at $328,874,000 after acquiring an additional 292,449 shares during the last quarter. FMR LLC increased its position in Deckers Outdoor by 13.2% during the second quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock valued at $79,397,000 after acquiring an additional 82,214 shares during the last quarter. Renaissance Technologies LLC increased its position in Deckers Outdoor by 30.9% during the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock valued at $64,923,000 after acquiring an additional 135,900 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Deckers Outdoor by 13.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock valued at $49,138,000 after acquiring an additional 51,685 shares during the last quarter. Finally, Millennium Management LLC increased its position in Deckers Outdoor by 854.0% during the first quarter. Millennium Management LLC now owns 424,756 shares of the textile maker’s stock valued at $38,241,000 after acquiring an additional 380,230 shares during the last quarter.

In related news, Director Brian Spaly acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were purchased at an average price of $113.17 per share, for a total transaction of $113,170.00. Following the completion of the acquisition, the director now directly owns 1,087 shares in the company, valued at approximately $123,015.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Shares of DECK traded up $0.60 during mid-day trading on Friday, hitting $104.39. 574,978 shares of the company traded hands, compared to its average volume of 689,612. Deckers Outdoor Corp has a 1-year low of $63.32 and a 1-year high of $124.68. The company has a quick ratio of 1.70, a current ratio of 2.93 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.57 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 26th. The textile maker reported ($0.98) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.42) by $0.44. Deckers Outdoor had a net margin of 6.49% and a return on equity of 20.26%. The firm had revenue of $250.60 million for the quarter, compared to the consensus estimate of $226.31 million. During the same quarter in the prior year, the company posted ($1.28) earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor Corp will post 6.44 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday. Susquehanna Bancshares upgraded shares of Deckers Outdoor from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $89.00 to $104.00 in a research report on Thursday, August 23rd. UBS Group raised shares of Deckers Outdoor to a “neutral” rating in a research note on Thursday, August 23rd. Buckingham Research upped their price objective on shares of Deckers Outdoor from $99.00 to $109.00 and gave the stock a “neutral” rating in a research note on Thursday, August 16th. Finally, Canaccord Genuity set a $137.00 price objective on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 27th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $113.77.

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: Investing in Dividend Stocks

Institutional Ownership by Quarter for Deckers Outdoor (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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.