UBS Asset Management Americas Inc. increased its position in Deckers Outdoor Corp. (NYSE:DECK) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,572 shares of the company’s stock after buying an additional 413 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of Deckers Outdoor Corp. worth $1,241,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new position in shares of Deckers Outdoor Corp. during the second quarter worth about $21,675,000. Lazard Asset Management LLC increased its position in shares of Deckers Outdoor Corp. by 13.8% in the first quarter. Lazard Asset Management LLC now owns 2,807,196 shares of the company’s stock worth $168,177,000 after buying an additional 340,163 shares during the period. Skyline Asset Management LP bought a new position in shares of Deckers Outdoor Corp. during the first quarter worth about $14,528,000. Oxford Asset Management increased its position in shares of Deckers Outdoor Corp. by 1,494.4% in the second quarter. Oxford Asset Management now owns 163,635 shares of the company’s stock worth $9,412,000 after buying an additional 153,372 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in shares of 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.
Deckers Outdoor Corp. (NYSE:DECK) traded down 0.74% during mid-day trading on Friday, hitting $56.50. The company had a trading volume of 570,789 shares. The firm’s 50 day moving average is $61.21 and its 200 day moving average is $59.18. Deckers Outdoor Corp. has a 52 week low of $40.74 and a 52 week high of $69.94. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.73 and a beta of 1.08.
Deckers Outdoor Corp. (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($1.80) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company earned $174.40 million during the quarter, compared to analyst estimates of $170.48 million. During the same quarter last year, the company earned ($1.43) EPS. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor Corp. will post $4.31 EPS for the current year.
A number of brokerages have weighed in on DECK. Susquehanna downgraded Deckers Outdoor Corp. from a “neutral” rating to a “negative” rating and lowered their target price for the stock from $59.00 to $49.00 in a report on Thursday. Telsey Advisory Group upgraded Deckers Outdoor Corp. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Monday, August 15th. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 target price on shares of Deckers Outdoor Corp. in a report on Sunday, September 11th. Guggenheim began coverage on Deckers Outdoor Corp. in a report on Friday, September 30th. They issued a “neutral” rating for the company. Finally, Jefferies Group lifted their target price on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.19.
In other Deckers Outdoor Corp. news, Director John G. Perenchio sold 23,500 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $67.16, for a total transaction of $1,578,260.00. Following the sale, the director now directly owns 28,281 shares in the company, valued at approximately $1,899,351.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 1,750 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $64.17, for a total value of $112,297.50. Following the sale, the chief executive officer now owns 118,873 shares in the company, valued at $7,628,080.41. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Deckers Outdoor Corp. 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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