Qtron Investments LLC grew its stake in Deckers Outdoor Corp (NYSE:DECK) by 30.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,348 shares of the textile maker’s stock after acquiring an additional 553 shares during the quarter. Qtron Investments LLC’s holdings in Deckers Outdoor were worth $413,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in DECK. Coastal Investment Advisors Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $26,000. Shamrock Asset Management LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $27,000. SRS Capital Advisors Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $56,000. FinTrust Capital Advisors LLC acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $64,000. Finally, Advisory Services Network LLC grew its position in shares of Deckers Outdoor by 29.1% in the 2nd quarter. Advisory Services Network LLC now owns 452 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 102 shares during the period.
NYSE:DECK traded down $2.83 during trading hours on Friday, reaching $147.90. 347,389 shares of the stock were exchanged, compared to its average volume of 425,084. Deckers Outdoor Corp has a twelve month low of $101.69 and a twelve month high of $180.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 1.62. The firm has a 50 day moving average of $146.91 and a 200 day moving average of $154.18. The stock has a market cap of $4.27 billion, a PE ratio of 16.73, a PEG ratio of 1.42 and a beta of 0.83.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.15) by $0.48. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. The firm had revenue of $276.80 million during the quarter, compared to the consensus estimate of $259.71 million. During the same quarter in the prior year, the firm posted ($0.98) EPS. The business’s revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Corp will post 8.68 earnings per share for the current year.
DECK has been the subject of several research analyst reports. Robert W. Baird set a $180.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a research report on Friday, July 26th. Macquarie set a $155.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a research report on Tuesday, June 11th. Wedbush boosted their price objective on Deckers Outdoor from $138.00 to $148.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $200.00 price objective (up from $180.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $192.00 price objective (up from $189.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $163.36.
About Deckers Outdoor
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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