Deckers Outdoor Corp (DECK) Stake Lowered by JPMorgan Chase & Co.

Share on StockTwits

JPMorgan Chase & Co. lessened its stake in Deckers Outdoor Corp (NYSE:DECK) by 35.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 433,074 shares of the textile maker’s stock after selling 236,998 shares during the quarter. JPMorgan Chase & Co.’s holdings in Deckers Outdoor were worth $63,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Deckers Outdoor by 11.7% in the fourth quarter. FMR LLC now owns 1,128,224 shares of the textile maker’s stock worth $144,357,000 after purchasing an additional 117,913 shares during the period. Norges Bank bought a new position in shares of Deckers Outdoor in the fourth quarter worth $53,144,000. Lord Abbett & CO. LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $49,054,000. APG Asset Management N.V. increased its position in shares of Deckers Outdoor by 29.0% in the fourth quarter. APG Asset Management N.V. now owns 360,300 shares of the textile maker’s stock worth $40,328,000 after purchasing an additional 80,900 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Deckers Outdoor by 25.3% in the fourth quarter. Deutsche Bank AG now owns 339,895 shares of the textile maker’s stock worth $43,488,000 after purchasing an additional 68,610 shares during the period.

DECK has been the topic of a number of recent analyst reports. Pivotal Research raised their price target on Deckers Outdoor to $152.00 in a research report on Friday. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. Canaccord Genuity restated a “buy” rating and issued a $164.00 price target (up previously from $143.00) on shares of Deckers Outdoor in a research report on Friday, February 1st. Bank of America upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $180.00 in a research report on Tuesday, May 21st. Finally, Zacks Investment Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $139.75.

NYSE:DECK opened at $153.46 on Monday. The stock has a market capitalization of $4.47 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74. The company has a current ratio of 4.37, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. Deckers Outdoor Corp has a twelve month low of $101.69 and a twelve month high of $159.75.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.75. The business had revenue of $394.10 million for the quarter, compared to analyst estimates of $378.82 million. Deckers Outdoor had a return on equity of 27.32% and a net margin of 13.08%. Deckers Outdoor’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Equities analysts predict that Deckers Outdoor Corp will post 8.4 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Deckers Outdoor Corp (DECK) Stake Lowered by JPMorgan Chase & Co.” was originally posted by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4354088/deckers-outdoor-corp-deck-stake-lowered-by-jpmorgan-chase-co.html.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

Featured Article: What are momentum indicators and what do they show?

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corp (NYSE:DECK).

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

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report