BlackRock Inc. raised its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 28,588 shares of the company’s stock after buying an additional 1,600 shares during the period. BlackRock Inc. owned about 0.09% of Deckers Outdoor Corporation worth $1,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. LS Investment Advisors LLC increased its position in Deckers Outdoor Corporation by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock worth $114,000 after buying an additional 783 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Deckers Outdoor Corporation by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock worth $210,000 after buying an additional 499 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in Deckers Outdoor Corporation during the second quarter worth about $230,000. Amalgamated Bank increased its position in Deckers Outdoor Corporation by 10.9% in the second quarter. Amalgamated Bank now owns 4,017 shares of the company’s stock worth $266,000 after buying an additional 394 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Deckers Outdoor Corporation during the second quarter worth about $240,000.

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

Shares of Deckers Outdoor Corporation (NYSE:DECK) traded up 1.14% during midday trading on Friday, reaching $58.43. 705,309 shares of the company traded hands. Deckers Outdoor Corporation has a 12 month low of $40.99 and a 12 month high of $69.94. The company’s 50 day moving average is $58.31 and its 200-day moving average is $60.06. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.80 and a beta of 0.90.

Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The business earned $485.90 million during the quarter, compared to the consensus estimate of $495.75 million. Deckers Outdoor Corporation had a net margin of 6.19% and a return on equity of 14.80%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post $4.14 earnings per share for the current fiscal year.

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A number of research firms have weighed in on DECK. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Deckers Outdoor Corporation in a report on Friday. Zacks Investment Research cut shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Brean Capital reaffirmed a “buy” rating on shares of Deckers Outdoor Corporation in a report on Friday, January 6th. Susquehanna reaffirmed a “sell” rating on shares of Deckers Outdoor Corporation in a report on Monday, December 19th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, December 1st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $58.44.

About Deckers Outdoor Corporation

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.

5 Day Chart for NYSE:DECK

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