Deckers Outdoor Corporation (DECK) Stake Increased by Systematic Financial Management LP

Systematic Financial Management LP raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 364.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,162 shares of the textile maker’s stock after buying an additional 120,177 shares during the period. Systematic Financial Management LP owned about 0.48% of Deckers Outdoor Corporation worth $10,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Glen Harbor Capital Management LLC increased its holdings in shares of Deckers Outdoor Corporation by 6.9% during the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock worth $104,000 after buying an additional 112 shares in the last quarter. Elkfork Partners LLC increased its holdings in shares of Deckers Outdoor Corporation by 6.9% during the first quarter. Elkfork Partners LLC now owns 2,108 shares of the textile maker’s stock worth $126,000 after buying an additional 136 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Deckers Outdoor Corporation during the second quarter worth approximately $148,000. Point72 Asia Hong Kong Ltd increased its holdings in shares of Deckers Outdoor Corporation by 185.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in shares of Deckers Outdoor Corporation by 19.8% during the second quarter. LS Investment Advisors LLC now owns 2,674 shares of the textile maker’s stock worth $183,000 after buying an additional 442 shares in the last quarter. 99.57% of the stock is owned by institutional investors.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 64.62 on Friday. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 92.84 and a beta of 1.23. The company’s 50 day moving average is $64.10 and its 200-day moving average is $61.70.

Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. The company 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 firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.80) earnings per share. Equities analysts expect that Deckers Outdoor Corporation will post $4.08 EPS for the current year.

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Several analysts have recently weighed in on DECK shares. B. Riley reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Deckers Outdoor Corporation in a report on Monday, May 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $69.00 price objective on shares of Deckers Outdoor Corporation in a report on Tuesday, May 23rd. Telsey Advisory Group raised their price objective on shares of Deckers Outdoor Corporation from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, May 26th. Finally, Jefferies Group LLC set a $68.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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