Louisiana State Employees Retirement System boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 8,300 shares of the textile maker’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Deckers Outdoor Corporation were worth $567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Deckers Outdoor Corporation by 16,546.5% in the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after buying an additional 3,283,326 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Deckers Outdoor Corporation during the first quarter worth $56,825,000. Scopus Asset Management L.P. boosted its position in shares of Deckers Outdoor Corporation by 279.9% in the first quarter. Scopus Asset Management L.P. now owns 850,000 shares of the textile maker’s stock worth $50,771,000 after buying an additional 626,259 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Deckers Outdoor Corporation by 35.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,371,317 shares of the textile maker’s stock worth $141,639,000 after buying an additional 624,955 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Deckers Outdoor Corporation during the fourth quarter worth $18,093,000.

Shares of Deckers Outdoor Corporation (DECK) traded down 1.78% during mid-day trading on Wednesday, hitting $64.58. The stock had a trading volume of 105,662 shares. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The company has a market cap of $2.07 billion, a PE ratio of 92.79 and a beta of 1.27. The firm’s 50 day moving average price is $66.21 and its 200-day moving average price is $60.18.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly 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. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. During the same quarter in the prior year, the business posted ($1.80) earnings per share. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

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A number of research analysts have commented on the company. Zacks Investment Research cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $60.00 price objective (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research note on Monday, May 1st. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective on shares of Deckers Outdoor Corporation in a research note on Wednesday, April 26th. Wedbush assumed coverage on Deckers Outdoor Corporation in a research note on Tuesday, April 11th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. One 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. The stock currently has an average rating of “Hold” and a consensus target price of $67.00.

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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