Deckers Outdoor Corporation (NYSE:DECK) Shares Bought by First Midwest Bank Trust Division
First Midwest Bank Trust Division boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,182 shares of the textile maker’s stock after buying an additional 435 shares during the period. First Midwest Bank Trust Division owned approximately 0.06% of Deckers Outdoor Corporation worth $1,241,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. Envestnet Asset Management Inc. raised its position in shares of Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock worth $126,000 after buying an additional 55 shares in the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor Corporation during the fourth quarter worth approximately $18,093,000. Teachers Advisors LLC raised its position in shares of Deckers Outdoor Corporation by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 53,787 shares of the textile maker’s stock worth $2,979,000 after buying an additional 1,732 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Deckers Outdoor Corporation during the first quarter worth approximately $214,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Deckers Outdoor Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the textile maker’s stock worth $484,000 after buying an additional 200 shares in the last quarter.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 64.10 on Monday. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The firm has a 50-day moving average price of $66.63 and a 200-day moving average price of $60.10. The firm has a market cap of $2.05 billion, a PE ratio of 92.10 and a beta of 1.27.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. During the same quarter in the prior year, the company posted ($1.80) EPS. Deckers Outdoor Corporation’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that Deckers Outdoor Corporation will post $4.07 earnings per share for the current year.
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A number of research analysts have commented on DECK shares. Zacks Investment Research raised Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Wedbush started coverage on Deckers Outdoor Corporation in a report on Tuesday, April 11th. They set a “neutral” rating and a $52.00 target price on the stock. Stifel Nicolaus increased their target price on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 target price on shares of Deckers Outdoor Corporation in a report on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $60.00 target price (up from $50.00) on shares of Deckers Outdoor Corporation in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.86.
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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