UBS Asset Management Americas Inc. reduced its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 31.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,147 shares of the textile maker’s stock after selling 20,542 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.16% of Deckers Outdoor worth $7,945,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. Coastal Investment Advisors Inc. bought a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $26,000. Shamrock Asset Management LLC acquired a new stake in Deckers Outdoor in the second quarter worth $27,000. SRS Capital Advisors Inc. acquired a new stake in Deckers Outdoor in the second quarter worth $56,000. FinTrust Capital Advisors LLC acquired a new stake in Deckers Outdoor in the second quarter worth $64,000. Finally, Advisory Services Network LLC raised its holdings in Deckers Outdoor by 29.1% in the second quarter. Advisory Services Network LLC now owns 452 shares of the textile maker’s stock worth $80,000 after purchasing an additional 102 shares during the period.
Several research firms have weighed in on DECK. ValuEngine lowered shares of Deckers Outdoor from a “sell” rating to a “strong sell” rating in a report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $192.00 target price (up from $189.00) on shares of Deckers Outdoor in a report on Friday, July 26th. Wedbush increased their target price on shares of Deckers Outdoor from $138.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. They noted that the move was a valuation call. Robert W. Baird set a $180.00 target price on shares of Deckers Outdoor and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Macquarie set a $155.00 target price on shares of Deckers Outdoor and gave the stock a “hold” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $163.36.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.15) by $0.48. The business had revenue of $276.80 million for the quarter, compared to analyst estimates of $259.71 million. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. Deckers Outdoor’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.98) earnings per share. On average, equities 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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