4,500 Shares in Deckers Outdoor Corporation (DECK) Acquired by Stevens Capital Management LP
Stevens Capital Management LP acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,500 shares of the textile maker’s stock, valued at approximately $307,000.
A number of other large investors have also bought and sold shares of the stock. BlueMountain Capital Management LLC bought a new stake in Deckers Outdoor Corporation during the second quarter worth about $5,433,000. TIAA CREF Investment Management LLC lifted its stake in Deckers Outdoor Corporation by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 142,825 shares of the textile maker’s stock worth $9,749,000 after purchasing an additional 2,428 shares during the last quarter. Teachers Advisors LLC lifted its stake in Deckers Outdoor Corporation by 2.2% during the second quarter. Teachers Advisors LLC now owns 57,246 shares of the textile maker’s stock worth $3,908,000 after purchasing an additional 1,259 shares during the last quarter. Seven Eight Capital LP bought a new stake in Deckers Outdoor Corporation during the second quarter worth about $1,934,000. Finally, Riverhead Capital Management LLC lifted its stake in Deckers Outdoor Corporation by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the last quarter. 99.57% of the stock is owned by institutional investors.
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Several equities research analysts have issued reports on DECK shares. Jefferies Group LLC set a $74.00 price target on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Saturday, July 29th. Stifel Nicolaus set a $74.00 price target on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. ValuEngine raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Morgan Stanley lifted their price target on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Deckers Outdoor Corporation currently has a consensus rating of “Hold” and an average price target of $67.00.
Deckers Outdoor Corporation (NYSE DECK) opened at 68.41 on Friday. The company’s 50-day moving average price is $63.87 and its 200-day moving average price is $62.35. The stock has a market cap of $2.19 billion, a P/E ratio of 98.29 and a beta of 1.23. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $178.36 million. During the same quarter last year, the firm earned ($1.80) EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts forecast that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.
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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