Parametric Portfolio Associates LLC lessened its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 22.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,331 shares of the textile maker’s stock after selling 33,088 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.41% of Deckers Outdoor worth $20,647,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in shares of Deckers Outdoor during the second quarter worth approximately $3,713,000. Natixis boosted its stake in shares of Deckers Outdoor by 5.6% in the second quarter. Natixis now owns 112,057 shares of the textile maker’s stock valued at $19,719,000 after buying an additional 5,948 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Deckers Outdoor by 16.1% in the second quarter. Canada Pension Plan Investment Board now owns 169,947 shares of the textile maker’s stock valued at $29,906,000 after buying an additional 23,562 shares during the period. GAM Holding AG boosted its stake in shares of Deckers Outdoor by 1.4% in the second quarter. GAM Holding AG now owns 84,793 shares of the textile maker’s stock valued at $14,921,000 after buying an additional 1,167 shares during the period. Finally, IPG Investment Advisors LLC bought a new stake in shares of Deckers Outdoor in the second quarter valued at approximately $209,000.
Several equities research analysts recently issued reports on DECK shares. Citigroup set a $180.00 price target on Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. Pivotal Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and cut their target price for the stock from $175.00 to $167.00 in a research note on Monday, August 19th. Susquehanna Bancshares upped their target price on Deckers Outdoor from $180.00 to $205.00 in a research note on Friday, July 26th. Zacks Investment Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Wednesday, May 29th. Finally, Wedbush upped their target price on Deckers Outdoor from $138.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $163.36.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.15) by $0.48. The company had revenue of $276.80 million during the quarter, compared to the consensus estimate of $259.71 million. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.98) earnings per share. As a group, analysts predict that Deckers Outdoor Corp will post 8.68 earnings per share for the current year.
Deckers Outdoor Profile
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.
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