Dimensional Fund Advisors LP cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 1.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,498,068 shares of the textile maker’s stock after selling 48,093 shares during the period. Dimensional Fund Advisors LP owned about 7.82% of Deckers Outdoor worth $170,891,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DECK. Aperio Group LLC raised its position in Deckers Outdoor by 8.6% during the second quarter. Aperio Group LLC now owns 10,504 shares of the textile maker’s stock worth $717,000 after acquiring an additional 831 shares during the period. Texas Permanent School Fund raised its position in Deckers Outdoor by 1.0% during the second quarter. Texas Permanent School Fund now owns 23,356 shares of the textile maker’s stock worth $1,594,000 after acquiring an additional 233 shares during the period. Sei Investments Co. raised its position in Deckers Outdoor by 1,053.7% during the second quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock worth $1,164,000 after acquiring an additional 15,584 shares during the period. Canada Pension Plan Investment Board raised its position in Deckers Outdoor by 23.6% during the second quarter. Canada Pension Plan Investment Board now owns 54,485 shares of the textile maker’s stock worth $3,719,000 after acquiring an additional 10,400 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Deckers Outdoor by 11.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 255,364 shares of the textile maker’s stock worth $17,432,000 after acquiring an additional 25,594 shares during the period. Institutional investors own 99.57% of the company’s stock.

Shares of Deckers Outdoor Corporation (DECK) opened at $77.13 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $78.38. The stock has a market cap of $2,462.31, a PE ratio of 17.20, a P/E/G ratio of 1.69 and a beta of 1.26.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Deckers Outdoor’s quarterly revenue was down .7% on a year-over-year basis. research analysts expect that Deckers Outdoor Corporation will post 4.27 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that permits the company to repurchase $335.00 million in shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity set a $76.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Wednesday, October 25th. Pivotal Research assumed coverage on shares of Deckers Outdoor in a research report on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price for the company. Morgan Stanley increased their target price on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Finally, ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.77.

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Deckers Outdoor 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 (NYSE:DECK)

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