BlackRock Advisors LLC decreased its position in shares of Deckers Outdoor Corp. (NYSE:DECK) by 37.3% during the second quarter, Holdings Channel reports. The firm owned 157,464 shares of the company’s stock after selling 93,657 shares during the period. BlackRock Advisors LLC owned about 0.49% of Deckers Outdoor Corp. worth $9,057,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in DECK. State Street Corp increased its position in Deckers Outdoor Corp. by 4.7% in the first quarter. State Street Corp now owns 1,062,989 shares of the company’s stock worth $63,686,000 after buying an additional 48,016 shares during the period. Rice Hall James & Associates LLC increased its position in Deckers Outdoor Corp. by 80.2% in the second quarter. Rice Hall James & Associates LLC now owns 332,519 shares of the company’s stock worth $19,126,000 after buying an additional 148,013 shares during the period. BlackRock Group LTD increased its position in Deckers Outdoor Corp. by 19.7% in the first quarter. BlackRock Group LTD now owns 58,988 shares of the company’s stock worth $3,534,000 after buying an additional 9,695 shares during the period. Jensen Investment Management Inc. increased its position in Deckers Outdoor Corp. by 15.1% in the second quarter. Jensen Investment Management Inc. now owns 8,140 shares of the company’s stock worth $468,000 after buying an additional 1,070 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Deckers Outdoor Corp. by 309.2% in the first quarter. Nuveen Asset Management LLC now owns 65,771 shares of the company’s stock worth $3,941,000 after buying an additional 49,697 shares during the period.
Shares of Deckers Outdoor Corp. (NYSE:DECK) opened at 61.87 on Monday. The firm has a 50-day moving average price of $62.40 and a 200-day moving average price of $59.13. The company has a market cap of $1.98 billion, a P/E ratio of 18.32 and a beta of 1.08. Deckers Outdoor Corp. has a 1-year low of $40.74 and a 1-year high of $69.94.
Deckers Outdoor Corp. (NYSE:DECK) last issued its earnings results on Thursday, July 28th. The company reported ($1.80) EPS for the quarter, topping analysts’ consensus estimates of ($2.07) by $0.27. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. The firm had revenue of $174.40 million for the quarter, compared to the consensus estimate of $170.48 million. During the same quarter in the prior year, the business earned ($1.43) earnings per share. The company’s revenue was down 18.4% compared to the same quarter last year. On average, equities analysts expect that Deckers Outdoor Corp. will post $4.31 EPS for the current year.
A number of equities analysts have issued reports on DECK shares. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price objective on shares of Deckers Outdoor Corp. in a report on Sunday, September 11th. Guggenheim assumed coverage on Deckers Outdoor Corp. in a report on Friday, September 30th. They issued a “neutral” rating for the company. Brean Capital restated a “buy” rating and set a $72.00 price target (up from $67.00) on shares of Deckers Outdoor Corp. in a report on Monday, August 1st. Telsey Advisory Group restated a “market perform” rating and set a $68.00 price target (up from $57.00) on shares of Deckers Outdoor Corp. in a report on Friday, July 29th. Finally, Jefferies Group raised their price target on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $60.75.
In other Deckers Outdoor Corp. news, CEO David Powers sold 1,750 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $64.17, for a total transaction of $112,297.50. Following the transaction, the chief executive officer now owns 118,873 shares in the company, valued at $7,628,080.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Angel R. Martinez sold 29,058 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $67.61, for a total value of $1,964,611.38. Following the transaction, the director now owns 393,636 shares in the company, valued at approximately $26,613,729.96. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
About Deckers Outdoor Corp.
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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