FMR LLC lessened its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 35.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,799,728 shares of the textile maker’s stock after selling 970,280 shares during the period. FMR LLC owned approximately 5.63% of Deckers Outdoor Corporation worth $122,849,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of Deckers Outdoor Corporation by 75.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Deckers Outdoor Corporation in the 2nd quarter valued at $148,000. Point72 Asia Hong Kong Ltd raised its holdings in shares of Deckers Outdoor Corporation by 185.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after buying an additional 1,626 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Deckers Outdoor Corporation by 91.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after buying an additional 1,213 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in shares of Deckers Outdoor Corporation by 19.8% in the 2nd quarter. LS Investment Advisors LLC now owns 2,674 shares of the textile maker’s stock valued at $183,000 after buying an additional 442 shares during the period. 99.44% of the stock is currently owned by institutional investors and hedge funds.
DECK has been the topic of several research analyst reports. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price objective on shares of Deckers Outdoor Corporation in a report on Friday, October 6th. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Telsey Advisory Group upped their price target on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Piper Jaffray Companies set a $66.00 price target on Deckers Outdoor Corporation and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $57.00 price target on shares of Deckers Outdoor Corporation in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.53.
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Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at 64.65 on Tuesday. The firm has a market capitalization of $2.07 billion, a PE ratio of 92.89 and a beta of 1.33. The firm’s 50-day moving average price is $65.80 and its 200-day moving average price is $63.98. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. During the same period last year, the firm earned ($1.80) earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities analysts predict that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.
Deckers Outdoor Corporation Company Profile
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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