Mason Street Advisors LLC purchased a new stake in shares of Deckers Outdoor Corp. (NYSE:DECK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,604 shares of the company’s stock, valued at approximately $840,000.
Other hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new position in shares of Deckers Outdoor Corp. during the first quarter valued at approximately $106,000. LS Investment Advisors LLC raised its position in Deckers Outdoor Corp. by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock valued at $114,000 after buying an additional 783 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Deckers Outdoor Corp. by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock valued at $210,000 after buying an additional 499 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Deckers Outdoor Corp. during the second quarter valued at about $230,000. Finally, Amalgamated Bank raised its position in Deckers Outdoor Corp. by 10.9% in the second quarter. Amalgamated Bank now owns 4,017 shares of the company’s stock valued at $266,000 after buying an additional 394 shares during the last quarter.
Deckers Outdoor Corp. (NYSE:DECK) opened at 60.93 on Thursday. The firm’s 50-day moving average price is $63.77 and its 200-day moving average price is $59.02. The stock has a market cap of $1.95 billion, a PE ratio of 18.04 and a beta of 0.90. Deckers Outdoor Corp. has a 52 week low of $40.74 and a 52 week high of $69.94.
Deckers Outdoor Corp. (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($1.80) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.07) by $0.27. The business earned $174.40 million during the quarter, compared to the consensus estimate of $170.48 million. Deckers Outdoor Corp. had a net margin of 6.03% and a return on equity of 14.78%. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.43) earnings per share. Equities analysts predict that Deckers Outdoor Corp. will post $4.31 earnings per share for the current fiscal year.
DECK has been the topic of several recent research reports. Telsey Advisory Group upgraded Deckers Outdoor Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $68.00 to $78.00 in a research report on Monday, August 15th. Jefferies Group raised their price target on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Brean Capital restated a “buy” rating and set a $72.00 price target on shares of Deckers Outdoor Corp. in a research report on Friday, August 12th. Canaccord Genuity restated a “buy” rating and set a $72.00 price target on shares of Deckers Outdoor Corp. in a research report on Sunday, September 11th. Finally, Citigroup Inc. raised their price target on Deckers Outdoor Corp. from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.13.
In related news, Director Angel R. Martinez sold 29,058 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $67.61, for a total transaction of $1,964,611.38. Following the completion of the transaction, the director now owns 393,636 shares in the company, valued at $26,613,729.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 1,750 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,628,080.41. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
About Deckers Outdoor Corp.
Deckers Outdoor Corporation (Deckers) offers footwear, apparel and accessories. The Company’s segments include operations of Deckers’ brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions; E-Commerce business, and retail store business. It sells its UGG footwear and accessories through department stores, independent specialty retailers and online retailers.
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