Texas Permanent School Fund raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 23,356 shares of the textile maker’s stock after buying an additional 233 shares during the period. Texas Permanent School Fund’s holdings in Deckers Outdoor Corporation were worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. 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. FMR LLC boosted its position in Deckers Outdoor Corporation by 2.3% in the first quarter. FMR LLC now owns 2,770,008 shares of the textile maker’s stock worth $165,452,000 after buying an additional 63,382 shares in the last quarter. Vanguard Group Inc. boosted its position in Deckers Outdoor Corporation by 6.2% in the first quarter. Vanguard Group Inc. now owns 2,603,090 shares of the textile maker’s stock worth $155,483,000 after buying an additional 151,002 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, State Street Corp boosted its position in Deckers Outdoor Corporation by 1.9% in the first quarter. State Street Corp now owns 1,003,223 shares of the textile maker’s stock worth $59,929,000 after buying an additional 18,553 shares in the last quarter.

Deckers Outdoor Corporation (NYSE DECK) opened at 64.92 on Tuesday. The company has a 50-day moving average price of $65.77 and a 200 day moving average price of $60.39. Deckers Outdoor Corporation has a 12-month low of $44.00 and a 12-month high of $72.72. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 93.28 and a beta of 1.27.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results 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. 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 the consensus estimate of $178.36 million. During the same quarter in the previous year, the firm posted ($1.80) EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current year.

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A number of analysts have issued reports on DECK shares. Zacks Investment Research raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, May 9th. Stifel Nicolaus boosted their target price on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, May 26th. Buckingham Research lowered Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $60.00 target price (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research report on Monday, May 1st. Finally, B. Riley reissued a “neutral” rating and issued a $68.00 target price on shares of Deckers Outdoor Corporation in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. Deckers Outdoor Corporation has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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