3,892 Shares in Deckers Outdoor Corporation (NYSE:DECK) Acquired by ING Groep NV
ING Groep NV acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,892 shares of the textile maker’s stock, valued at approximately $311,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased 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 valued at $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. increased 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 during the period. Dimensional Fund Advisors LP increased 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 during the period. Finally, Norges Bank bought a new position in Deckers Outdoor Corporation during the fourth quarter worth $18,093,000.
Deckers Outdoor Corporation (NYSE:DECK) traded down 0.613% during trading on Thursday, reaching $64.035. The company’s stock had a trading volume of 142,767 shares. The stock’s 50-day moving average is $65.98 and its 200 day moving average is $60.30. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The company has a market cap of $2.05 billion, a P/E ratio of 92.004 and a beta of 1.27.
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, beating the consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same quarter in the prior year, the business earned ($1.80) earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities analysts forecast that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.
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DECK has been the topic of a number of analyst reports. Zacks Investment Research downgraded Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $60.00 price target (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research note on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Deckers Outdoor Corporation in a research note on Wednesday, April 26th. Stifel Nicolaus increased their price target on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Morgan Stanley increased their price target on Deckers Outdoor Corporation from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Deckers Outdoor Corporation has an average rating of “Hold” and an average price target of $67.00.
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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