Polaris Capital Management LLC Holds Stake in Deckers Outdoor Corporation (DECK)

Polaris Capital Management LLC continued to hold its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the textile maker’s stock at the end of the second quarter. Polaris Capital Management LLC owned 0.13% of Deckers Outdoor Corporation worth $2,867,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares in the last quarter. James Investment Research Inc. purchased a new position in Deckers Outdoor Corporation during the second quarter valued at approximately $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in Deckers Outdoor Corporation by 185.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after purchasing an additional 1,626 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Deckers Outdoor Corporation by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after purchasing an additional 1,213 shares in the last quarter. 99.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Deckers Outdoor Corporation (NYSE DECK) traded down 4.15% during midday trading on Thursday, reaching $66.36. 492,957 shares of the company traded hands. The stock has a 50 day moving average price of $65.52 and a 200 day moving average price of $63.83. The firm has a market capitalization of $2.12 billion, a PE ratio of 95.34 and a beta of 1.34. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $178.36 million. During the same period last year, the business posted ($1.80) EPS. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. Analysts expect that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

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DECK has been the topic of several analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of Deckers Outdoor Corporation in a report on Friday, October 6th. ValuEngine upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Telsey Advisory Group lifted their price objective on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $66.00 price objective on shares of Deckers Outdoor Corporation and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $57.00 price objective on shares of Deckers Outdoor Corporation in a research report on Thursday, September 14th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.67.

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.

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

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