Trexquant Investment LP purchased a new position in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,300 shares of the textile maker’s stock, valued at approximately $1,044,000.
Several other institutional investors have also added to or reduced their stakes in DECK. Norges Bank acquired a new position in Deckers Outdoor Corporation during the fourth quarter worth $18,093,000. Teachers Advisors LLC boosted its position in Deckers Outdoor Corporation by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 53,787 shares of the textile maker’s stock worth $2,979,000 after buying an additional 1,732 shares in the last quarter. Parametrica Management Ltd acquired a new position in Deckers Outdoor Corporation during the first quarter worth $214,000. Louisiana State Employees Retirement System boosted its position in Deckers Outdoor Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the textile maker’s stock worth $484,000 after buying an additional 200 shares in the last quarter. Finally, Palisade Capital Management LLC NJ boosted its position in Deckers Outdoor Corporation by 1.3% in the first quarter. Palisade Capital Management LLC NJ now owns 249,192 shares of the textile maker’s stock worth $14,884,000 after buying an additional 3,179 shares in the last quarter.
Shares of Deckers Outdoor Corporation (DECK) opened at 64.43 on Thursday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 92.57 and a beta of 1.27. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72. The firm has a 50-day moving average price of $65.98 and a 200-day moving average price of $60.30.
Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company had revenue of $209.70 million during the quarter, compared to the consensus estimate of $178.36 million. During the same quarter in the prior year, the business earned ($1.80) earnings per share. The company’s revenue was up 20.2% compared to the same quarter last year. Analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on DECK shares. Stifel Nicolaus increased their price target on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Deckers Outdoor Corporation in a report on Wednesday, April 26th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $60.00 target price (up from $50.00) on shares of Deckers Outdoor Corporation in a report on Monday, May 1st. Zacks Investment Research upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Tuesday, May 9th. Finally, B. Riley restated a “neutral” rating and set a $61.00 target price on shares of Deckers Outdoor Corporation in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $67.00.
About Deckers Outdoor Corporation
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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