Trillium Asset Management LLC Has $2.09 Million Stake in Deckers Outdoor Corporation (DECK)
Trillium Asset Management LLC increased its position in Deckers Outdoor Corporation (NYSE:DECK) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 30,568 shares of the textile maker’s stock after buying an additional 887 shares during the period. Trillium Asset Management LLC’s holdings in Deckers Outdoor Corporation were worth $2,087,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Deckers Outdoor Corporation by 16,546.5% in the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after buying an additional 3,283,326 shares in the last quarter. Wellington Management Group LLP bought a new position in Deckers Outdoor Corporation during the first quarter worth $56,825,000. Scopus Asset Management L.P. boosted its position in Deckers Outdoor Corporation by 279.9% in the first quarter. Scopus Asset Management L.P. now owns 850,000 shares of the textile maker’s stock worth $50,771,000 after buying an additional 626,259 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Deckers Outdoor Corporation by 35.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,371,317 shares of the textile maker’s stock worth $141,639,000 after buying an additional 624,955 shares in the last quarter. Finally, Morgan Stanley boosted its position in Deckers Outdoor Corporation by 71.9% in the first quarter. Morgan Stanley now owns 497,757 shares of the textile maker’s stock worth $29,731,000 after buying an additional 208,219 shares in the last quarter.
Deckers Outdoor Corporation (DECK) opened at 64.36 on Wednesday. The company has a market capitalization of $2.06 billion, a PE ratio of 92.47 and a beta of 1.27. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The company’s 50-day moving average price is $65.69 and its 200 day moving average price is $60.43.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same quarter last year, the firm earned ($1.80) EPS. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current year.
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A number of equities analysts have weighed in on DECK shares. Zacks Investment Research cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $60.00 price target (up previously from $50.00) on shares of Deckers Outdoor Corporation in a report on Monday, May 1st. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of Deckers Outdoor Corporation in a report on Wednesday, April 26th. Stifel Nicolaus upped their price target on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Morgan Stanley upped their price target on Deckers Outdoor Corporation from $54.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.00.
Deckers Outdoor Corporation Company Profile
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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