Virtu Financial LLC Increases Holdings in Deckers Outdoor Corp (DECK)
Virtu Financial LLC raised its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 13.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,280 shares of the textile maker’s stock after buying an additional 390 shares during the quarter. Virtu Financial LLC’s holdings in Deckers Outdoor were worth $482,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its stake in Deckers Outdoor by 11.7% during the fourth quarter. FMR LLC now owns 1,128,224 shares of the textile maker’s stock valued at $144,357,000 after buying an additional 117,913 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock worth $69,101,000 after purchasing an additional 133,290 shares during the period. Bank of New York Mellon Corp raised its position in shares of Deckers Outdoor by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 569,160 shares of the textile maker’s stock worth $67,492,000 after purchasing an additional 3,043 shares during the period. Norges Bank acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $53,144,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $49,054,000.
A number of analysts have recently weighed in on DECK shares. Robert W. Baird increased their price target on Deckers Outdoor from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Canaccord Genuity reiterated a “buy” rating and set a $164.00 price target (up from $143.00) on shares of Deckers Outdoor in a research report on Friday, February 1st. Bank of America reiterated a “neutral” rating and set a $150.00 price target (up from $134.00) on shares of Deckers Outdoor in a research report on Friday, February 1st. Jefferies Financial Group set a $132.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Saturday, February 2nd. Finally, ValuEngine cut Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $129.40.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, January 31st. The textile maker reported $6.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $1.28. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. The business had revenue of $873.80 million during the quarter, compared to analyst estimates of $826.90 million. During the same period in the prior year, the company posted $4.97 EPS. Equities research analysts forecast that Deckers Outdoor Corp will post 7.96 EPS for the current fiscal year.
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Deckers Outdoor Company Profile
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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