Deckers Outdoor Corporation (DECK) Position Cut by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in Deckers Outdoor Corporation (NYSE:DECK) by 10.2% during the first quarter, Holdings Channel reports. The firm owned 49,623 shares of the textile maker’s stock after selling 5,630 shares during the period. Alliancebernstein L.P.’s holdings in Deckers Outdoor Corporation were worth $2,964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Deckers Outdoor Corporation during the first quarter worth $505,000. Bancorpsouth Inc. purchased a new position in shares of Deckers Outdoor Corporation during the first quarter worth $232,000. Robecosam AG increased its position in shares of Deckers Outdoor Corporation by 100.8% in the first quarter. Robecosam AG now owns 45,970 shares of the textile maker’s stock worth $2,743,000 after buying an additional 23,080 shares during the period. American International Group Inc. increased its position in shares of Deckers Outdoor Corporation by 3.8% in the first quarter. American International Group Inc. now owns 82,645 shares of the textile maker’s stock worth $4,936,000 after buying an additional 3,016 shares during the period. Finally, Frontier Capital Management Co. LLC increased its position in shares of Deckers Outdoor Corporation by 20.4% in the first quarter. Frontier Capital Management Co. LLC now owns 656,814 shares of the textile maker’s stock worth $39,232,000 after buying an additional 111,511 shares during the period.

Shares of Deckers Outdoor Corporation (DECK) opened at 66.97 on Monday. The company’s 50-day moving average is $65.61 and its 200 day moving average is $58.59. The stock has a market cap of $2.14 billion, a PE ratio of 376.24 and a beta of 1.28. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, May 25th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.17. The company had revenue of $369.47 million during the quarter, compared to analysts’ expectations of $357.71 million. Deckers Outdoor Corporation had a net margin of 0.32% and a return on equity of 12.48%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Analysts forecast that Deckers Outdoor Corporation will post $4.04 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on DECK. BidaskClub upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Buckingham Research downgraded shares of Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. B. Riley reiterated a “neutral” rating and issued a $68.00 price objective on shares of Deckers Outdoor Corporation in a research report on Thursday, June 1st. Finally, Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Thursday, June 1st. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.93.

Deckers Outdoor Corporation 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.

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

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