Landscape Capital Management L.L.C. boosted its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 128.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,609 shares of the textile maker’s stock after acquiring an additional 30,660 shares during the period. Deckers Outdoor comprises about 0.8% of Landscape Capital Management L.L.C.’s holdings, making the stock its 12th biggest holding. Landscape Capital Management L.L.C. owned 0.19% of Deckers Outdoor worth $9,610,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the business. Adams Diversified Equity Fund Inc. purchased a new stake in shares of Deckers Outdoor in the first quarter valued at about $353,000. Acadian Asset Management LLC grew its holdings in shares of Deckers Outdoor by 25.6% in the first quarter. Acadian Asset Management LLC now owns 369,930 shares of the textile maker’s stock valued at $54,381,000 after purchasing an additional 75,316 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Deckers Outdoor by 36.2% in the first quarter. Great West Life Assurance Co. Can now owns 24,529 shares of the textile maker’s stock valued at $3,601,000 after purchasing an additional 6,517 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Deckers Outdoor by 181.9% in the first quarter. Federated Investors Inc. PA now owns 46,226 shares of the textile maker’s stock valued at $6,795,000 after purchasing an additional 29,826 shares during the period. Finally, Dorsey Wright & Associates grew its holdings in shares of Deckers Outdoor by 0.4% in the second quarter. Dorsey Wright & Associates now owns 53,387 shares of the textile maker’s stock valued at $9,395,000 after purchasing an additional 231 shares during the period.
A number of equities research analysts recently issued reports on DECK shares. ValuEngine lowered shares of Deckers Outdoor from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Bank of America reissued a “buy” rating and issued a $200.00 price objective (up previously from $180.00) on shares of Deckers Outdoor in a report on Friday, July 26th. Canaccord Genuity upped their price objective on shares of Deckers Outdoor from $164.00 to $188.00 and gave the company a “buy” rating in a report on Friday, May 24th. Zacks Investment Research raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Wednesday, May 29th. Finally, Wedbush increased their target price on shares of Deckers Outdoor from $138.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $162.29.
In other news, COO David E. Lafitte sold 1,350 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $151.27, for a total transaction of $204,214.50. Following the sale, the chief operating officer now owns 23,113 shares of the company’s stock, valued at $3,496,303.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrea O’donnell sold 2,100 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.13, for a total transaction of $321,573.00. The disclosure for this sale can be found here. Insiders have sold 5,263 shares of company stock worth $807,763 in the last three months. Corporate insiders own 0.90% of the company’s stock.
DECK stock traded down $8.61 during mid-day trading on Wednesday, hitting $137.53. 16,151 shares of the company were exchanged, compared to its average volume of 544,178. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 1.38 and a beta of 0.82. The firm’s fifty day simple moving average is $166.15. Deckers Outdoor Corp has a 12-month low of $101.69 and a 12-month high of $180.76.
Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.15) by $0.48. The company had revenue of $276.80 million during the quarter, compared to analyst estimates of $259.71 million. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. Deckers Outdoor’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.98) earnings per share. As a group, equities analysts expect that Deckers Outdoor Corp will post 8.65 EPS for the current fiscal year.
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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