Royce & Associates LP reduced its position in shares of Deckers Outdoor Corp (NYSE:DECK) by 43.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,151 shares of the textile maker’s stock after selling 190,500 shares during the period. Royce & Associates LP owned approximately 0.77% of Deckers Outdoor Corp worth $16,734,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DECK. Glen Harbor Capital Management LLC raised its stake in shares of Deckers Outdoor Corp by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock worth $104,000 after buying an additional 112 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of Deckers Outdoor Corp by 6.9% in the first quarter. Elkfork Partners LLC now owns 2,108 shares of the textile maker’s stock worth $126,000 after buying an additional 136 shares in the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of Deckers Outdoor Corp during the first quarter worth about $131,000. James Investment Research Inc. purchased a new stake in shares of Deckers Outdoor Corp during the second quarter worth about $148,000. Finally, Point72 Asia Hong Kong Ltd raised its stake in shares of Deckers Outdoor Corp by 185.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares in the last quarter. 99.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Deckers Outdoor Corp (NYSE:DECK) opened at 62.80 on Thursday. The stock’s 50 day moving average is $64.66 and its 200 day moving average is $60.88. The firm has a market cap of $2.01 billion, a PE ratio of 90.23 and a beta of 1.27. Deckers Outdoor Corp has a 12 month low of $44.00 and a 12 month high of $72.72.

Deckers Outdoor Corp (NYSE:DECK) last announced its 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. The business had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corp had a negative return on equity of 18.09% and a negative net margin of 20.08%. Deckers Outdoor Corp’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the company earned ($1.80) EPS. On average, analysts anticipate that Deckers Outdoor Corp will post $4.08 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Royce & Associates LP Has $16.73 Million Position in Deckers Outdoor Corp (DECK)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2017/08/31/royce-associates-lp-has-16-73-million-position-in-deckers-outdoor-corp-deck.html.

DECK has been the subject of several research analyst reports. Jefferies Group LLC set a $68.00 target price on shares of Deckers Outdoor Corp and gave the stock a “buy” rating in a research note on Saturday, May 27th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $60.00 target price on shares of Deckers Outdoor Corp in a research note on Monday, May 29th. ValuEngine lowered shares of Deckers Outdoor Corp from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Morgan Stanley increased their target price on shares of Deckers Outdoor Corp from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, B. Riley reaffirmed a “neutral” rating and set a $68.00 target price on shares of Deckers Outdoor Corp in a research note on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Deckers Outdoor Corp currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Deckers Outdoor Corp Company Profile

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.

Institutional Ownership by Quarter for Deckers Outdoor Corp (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.