Rice Hall James & Associates LLC Has $19,126,000 Position in Deckers Outdoor Corp. (DECK)
Rice Hall James & Associates LLC increased its position in shares of Deckers Outdoor Corp. (NYSE:DECK) by 80.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,519 shares of the company’s stock after buying an additional 148,013 shares during the period. Deckers Outdoor Corp. makes up approximately 1.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 17th largest position. Rice Hall James & Associates LLC owned about 1.04% of Deckers Outdoor Corp. worth $19,126,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of DECK. Aperio Group LLC raised its position in shares of Deckers Outdoor Corp. by 3.4% in the first quarter. Aperio Group LLC now owns 26,026 shares of the company’s stock worth $1,559,000 after buying an additional 859 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Deckers Outdoor Corp. during the first quarter worth about $1,234,000. Franklin Resources Inc. raised its stake in Deckers Outdoor Corp. by 31.4% in the first quarter. Franklin Resources Inc. now owns 174,770 shares of the company’s stock worth $10,471,000 after buying an additional 41,770 shares during the period. BlackRock Inc. raised its stake in Deckers Outdoor Corp. by 66.8% in the first quarter. BlackRock Inc. now owns 26,459 shares of the company’s stock worth $1,585,000 after buying an additional 10,596 shares during the period. Finally, BlackRock Group LTD raised its stake in Deckers Outdoor Corp. by 19.7% in the first quarter. BlackRock Group LTD now owns 58,988 shares of the company’s stock worth $3,534,000 after buying an additional 9,695 shares during the period.
Shares of Deckers Outdoor Corp. (NYSE:DECK) traded down 1.09% during midday trading on Monday, hitting $58.90. The company had a trading volume of 539,635 shares. The stock’s 50-day moving average price is $63.46 and its 200-day moving average price is $59.04. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.44 and a beta of 1.08. Deckers Outdoor Corp. has a one year low of $40.74 and a one year high of $69.94.
Deckers Outdoor Corp. (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($1.80) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.07) by $0.27. The business had revenue of $174.40 million for the quarter, compared to the consensus estimate of $170.48 million. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.43) earnings per share. Analysts predict that Deckers Outdoor Corp. will post $4.31 EPS for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Deckers Outdoor Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Group raised their target price on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 target price on shares of Deckers Outdoor Corp. in a report on Sunday, September 11th. Citigroup Inc. reaffirmed a “hold” rating on shares of Deckers Outdoor Corp. in a report on Wednesday, June 15th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Deckers Outdoor Corp. in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $61.13.
In other Deckers Outdoor Corp. news, Director Angel R. Martinez sold 29,058 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $67.61, for a total transaction of $1,964,611.38. Following the completion of the sale, the director now directly owns 393,636 shares in the company, valued at $26,613,729.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Perenchio sold 23,500 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $67.16, for a total value of $1,578,260.00. Following the sale, the director now owns 28,281 shares of the company’s stock, valued at $1,899,351.96. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
About Deckers Outdoor Corp.
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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