Principal Financial Group Inc. boosted its position in shares of Deckers Outdoor Corporation (NYSE:DECK) by 135.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 303,849 shares of the textile maker’s stock after purchasing an additional 174,759 shares during the quarter. Principal Financial Group Inc. owned 0.95% of Deckers Outdoor Corporation worth $20,741,000 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. Glen Harbor Capital Management LLC lifted its stake in Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after buying an additional 112 shares in the last quarter. Elkfork Partners LLC lifted its stake in Deckers Outdoor Corporation by 6.9% in the first quarter. Elkfork Partners LLC now owns 2,108 shares of the textile maker’s stock valued at $126,000 after buying an additional 136 shares in the last quarter. James Investment Research Inc. bought a new position in Deckers Outdoor Corporation in the second quarter valued at approximately $148,000. Point72 Asia Hong Kong Ltd lifted its stake in Deckers Outdoor Corporation by 185.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after buying an additional 1,626 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in Deckers Outdoor Corporation by 19.8% in the second quarter. LS Investment Advisors LLC now owns 2,674 shares of the textile maker’s stock valued at $183,000 after buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at 64.64 on Thursday. The firm’s 50-day moving average is $64.06 and its 200 day moving average is $62.00. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 92.87 and a beta of 1.23. 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 issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. During the same period last year, the business earned ($1.80) EPS. The business’s revenue was up 20.2% on a year-over-year basis. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.

DECK has been the topic of a number of research reports. BidaskClub raised shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley lifted their price target on shares of Deckers Outdoor Corporation from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 31st. ValuEngine lowered shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $69.00 price target on shares of Deckers Outdoor Corporation in a research note on Tuesday, May 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $67.00.

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Deckers Outdoor Corporation 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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