Public Employees Retirement System of Ohio lowered its position in Deckers Outdoor Corp (NYSE:DECK) by 28.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,946 shares of the textile maker’s stock after selling 11,523 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.10% of Deckers Outdoor worth $5,094,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAM Holding AG lifted its holdings in 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 acquiring an additional 1,167 shares during the period. IPG Investment Advisors LLC acquired a new position in Deckers Outdoor in the second quarter valued at approximately $209,000. Pacer Advisors Inc. acquired a new position in Deckers Outdoor in the second quarter valued at approximately $2,059,000. LPL Financial LLC acquired a new position in Deckers Outdoor in the second quarter valued at approximately $676,000. Finally, Shamrock Asset Management LLC acquired a new position in Deckers Outdoor in the second quarter valued at approximately $27,000.
NYSE DECK traded up $0.03 during mid-day trading on Friday, hitting $150.76. The stock had a trading volume of 5,876 shares, compared to its average volume of 436,042. The firm’s 50 day moving average is $147.49 and its 200 day moving average is $154.17. Deckers Outdoor Corp has a twelve month low of $101.69 and a twelve month high of $180.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 1.62. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.44 and a beta of 0.83.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.15) by $0.48. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. The firm had revenue of $276.80 million during the quarter, compared to the consensus estimate of $259.71 million. During the same period in the prior year, the company earned ($0.98) EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Deckers Outdoor Corp will post 8.68 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Robert W. Baird set a $180.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research note on Friday, July 26th. Macquarie set a $155.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday, June 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $192.00 target price (up from $189.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. Susquehanna Bancshares upped their target price on Deckers Outdoor from $180.00 to $205.00 in a research note on Friday, July 26th. 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. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $163.36.
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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