TrimTabs Asset Management LLC lowered its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 18.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,501 shares of the textile maker’s stock after selling 1,930 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Deckers Outdoor were worth $1,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Covington Capital Management bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $25,000. Coastal Investment Advisors Inc. bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $26,000. Shamrock Asset Management LLC bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $27,000. Doyle Wealth Management bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $37,000. Finally, SRS Capital Advisors Inc. bought a new position in shares of Deckers Outdoor during the 2nd quarter valued at approximately $56,000.

A number of research firms recently issued reports on DECK. Susquehanna Bancshares boosted their price objective on Deckers Outdoor from $180.00 to $205.00 in a report on Friday, July 26th. Pivotal Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and dropped their price objective for the company from $175.00 to $167.00 in a report on Monday, August 19th. Citigroup set a $180.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a report on Friday, July 26th. Macquarie set a $155.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday, June 11th. Finally, ValuEngine cut Deckers Outdoor from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $163.36.

DECK traded up $0.79 during trading hours on Wednesday, reaching $143.25. 8,738 shares of the company’s stock traded hands, compared to its average volume of 534,019. The firm has a 50-day moving average price of $143.63 and a 200 day moving average price of $153.87. Deckers Outdoor Corp has a 52-week low of $101.69 and a 52-week high of $180.76. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.23 billion, a PE ratio of 16.29, a PEG ratio of 1.39 and a beta of 0.85.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.15) by $0.48. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. The company had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $259.71 million. During the same quarter in the previous year, the business earned ($0.98) EPS. Deckers Outdoor’s revenue was up 10.5% compared to the same quarter last year. Equities analysts predict that Deckers Outdoor Corp will post 8.68 EPS for the current fiscal year.

Deckers Outdoor Company Profile

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.

Featured Story: How to execute a trade ex-dividend strategy?

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corp (NYSE:DECK).

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

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.