State Board of Administration of Florida Retirement System increased its stake in Deckers Outdoor Corp. (NYSE:DECK) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,426 shares of the company’s stock after buying an additional 1,027 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of Deckers Outdoor Corp. worth $1,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new position in Deckers Outdoor Corp. during the second quarter valued at $21,675,000. Lazard Asset Management LLC raised its position in Deckers Outdoor Corp. by 13.8% in the first quarter. Lazard Asset Management LLC now owns 2,807,196 shares of the company’s stock valued at $168,177,000 after buying an additional 340,163 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor Corp. during the fourth quarter valued at $13,626,000. Skyline Asset Management LP acquired a new position in Deckers Outdoor Corp. during the first quarter valued at $14,528,000. Finally, Royce & Associates LP raised its position in Deckers Outdoor Corp. by 17.6% in the first quarter. Royce & Associates LP now owns 1,032,921 shares of the company’s stock valued at $61,882,000 after buying an additional 154,700 shares in the last quarter.

Shares of Deckers Outdoor Corp. (NYSE:DECK) traded up 1.69% during midday trading on Wednesday, hitting $62.67. The company had a trading volume of 524,641 shares. Deckers Outdoor Corp. has a 12-month low of $40.74 and a 12-month high of $69.94. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 18.55 and a beta of 0.90. The company’s 50-day moving average price is $63.99 and its 200 day moving average price is $58.83.

Deckers Outdoor Corp. (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($1.80) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.07) by $0.27. Deckers Outdoor Corp. had a net margin of 6.03% and a return on equity of 14.78%. The business had revenue of $174.40 million for the quarter, compared to analysts’ expectations of $170.48 million. During the same quarter last year, the firm earned ($1.43) EPS. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Corp. will post $4.31 earnings per share for the current fiscal year.

Several research firms have weighed in on DECK. Zacks Investment Research upgraded Deckers Outdoor Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Credit Suisse Group AG restated a “hold” rating on shares of Deckers Outdoor Corp. in a report on Sunday, May 29th. B. Riley restated a “neutral” rating and issued a $48.00 price target on shares of Deckers Outdoor Corp. in a report on Saturday, May 28th. Jefferies Group boosted their price target on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Deckers Outdoor Corp. in a report on Sunday, September 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.13.

In other Deckers Outdoor Corp. news, Director Angel R. Martinez sold 29,058 shares of Deckers Outdoor Corp. stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $67.61, for a total transaction of $1,964,611.38. Following the transaction, the director now owns 393,636 shares of the company’s stock, valued at approximately $26,613,729.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Powers sold 1,750 shares of Deckers Outdoor Corp. stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $64.17, for a total transaction of $112,297.50. Following the transaction, the chief executive officer now directly owns 118,873 shares in the company, valued at approximately $7,628,080.41. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Deckers Outdoor Corp. Company Profile

Deckers Outdoor Corporation (Deckers) offers footwear, apparel and accessories. The Company’s segments include operations of Deckers’ brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions; E-Commerce business, and retail store business. It sells its UGG footwear and accessories through department stores, independent specialty retailers and online retailers.

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