Geode Capital Management LLC raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,445 shares of the textile maker’s stock after buying an additional 14,423 shares during the period. Geode Capital Management LLC owned 0.76% of Deckers Outdoor Corporation worth $14,481,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parametrica Management Ltd purchased a new position in shares of Deckers Outdoor Corporation during the first quarter valued at about $214,000. TIAA CREF Investment Management LLC raised its stake in shares of Deckers Outdoor Corporation by 49.1% in the first quarter. TIAA CREF Investment Management LLC now owns 140,397 shares of the textile maker’s stock worth $8,386,000 after buying an additional 46,221 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Deckers Outdoor Corporation during the fourth quarter worth approximately $1,964,000. Canada Pension Plan Investment Board raised its stake in shares of Deckers Outdoor Corporation by 43.2% in the first quarter. Canada Pension Plan Investment Board now owns 44,085 shares of the textile maker’s stock worth $2,633,000 after buying an additional 13,300 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock worth $126,000 after buying an additional 55 shares in the last quarter.
Deckers Outdoor Corporation (NYSE:DECK) opened at 65.75 on Wednesday. The firm’s 50-day moving average is $66.21 and its 200 day moving average is $60.18. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The company has a market capitalization of $2.10 billion, a PE ratio of 94.47 and a beta of 1.27.
Deckers Outdoor Corporation (NYSE:DECK) last released its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million during the quarter, compared to the consensus estimate of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. Deckers Outdoor Corporation’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.80) EPS. On average, equities analysts expect that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.
A number of analysts have recently commented on DECK shares. Jefferies Group LLC set a $68.00 price target on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Saturday, May 27th. Stifel Nicolaus upped their price target on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Canaccord Genuity reiterated a “buy” rating and issued a $69.00 price target on shares of Deckers Outdoor Corporation in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, May 9th. Finally, ValuEngine upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Deckers Outdoor Corporation currently has an average rating of “Hold” and an average target price of $67.00.
About Deckers Outdoor Corporation
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.
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