Profund Advisors LLC trimmed its position in Deckers Outdoor Corporation (NYSE:DECK) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,476 shares of the textile maker’s stock after selling 1,591 shares during the quarter. Profund Advisors LLC’s holdings in Deckers Outdoor Corporation were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its holdings in shares of Deckers Outdoor Corporation by 75.5% in the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after buying an additional 831 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Deckers Outdoor Corporation in the second quarter worth about $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Deckers Outdoor Corporation by 185.2% in 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. LS Investment Advisors LLC lifted its holdings in shares of Deckers Outdoor Corporation by 19.8% in 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. Finally, ING Groep NV purchased a new stake in shares of Deckers Outdoor Corporation in the second quarter worth about $311,000. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

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Deckers Outdoor Corporation (DECK) opened at 71.25 on Monday. The company has a market capitalization of $2.28 billion, a PE ratio of 102.37 and a beta of 1.33. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The firm’s 50-day moving average is $64.83 and its 200-day moving average is $63.43.

Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.80) EPS. Equities analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on DECK shares. BidaskClub raised shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Piper Jaffray Companies reissued a “hold” rating and issued a $66.00 price target on shares of Deckers Outdoor Corporation in a report on Friday, September 29th. Finally, Jefferies Group LLC set a $74.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Saturday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $67.67.

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.

Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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