Rothschild Asset Management Inc. Has $1.02 Million Position in Deckers Outdoor Corporation (DECK)

Rothschild Asset Management Inc. lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 77.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,929 shares of the textile maker’s stock after selling 52,194 shares during the period. Rothschild Asset Management Inc.’s holdings in Deckers Outdoor Corporation were worth $1,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Deckers Outdoor Corporation by 16,546.5% in the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after buying an additional 3,283,326 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Deckers Outdoor Corporation during the first quarter worth approximately $56,825,000. Scopus Asset Management L.P. increased its position in shares of Deckers Outdoor Corporation by 279.9% in the first quarter. Scopus Asset Management L.P. now owns 850,000 shares of the textile maker’s stock worth $50,771,000 after buying an additional 626,259 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Deckers Outdoor Corporation by 35.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,371,317 shares of the textile maker’s stock worth $141,639,000 after buying an additional 624,955 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Deckers Outdoor Corporation during the fourth quarter worth approximately $18,093,000.

Shares of Deckers Outdoor Corporation (DECK) opened at 64.43 on Thursday. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72. The stock has a market cap of $2.06 billion, a PE ratio of 92.57 and a beta of 1.27. The company’s 50-day moving average is $65.98 and its 200-day moving average is $60.30.

Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million during the quarter, compared to the consensus estimate of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.80) EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current year.

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DECK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Tuesday, May 9th. Stifel Nicolaus upped their target price on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Buckingham Research downgraded shares of Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $60.00 target price (up from $50.00) on shares of Deckers Outdoor Corporation in a research note on Monday, May 1st. Finally, B. Riley restated a “neutral” rating and issued a $68.00 target price on shares of Deckers Outdoor Corporation in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $67.00.

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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Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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