State Street Corp Increases Stake in Deckers Outdoor Corporation (DECK)

State Street Corp grew its position in Deckers Outdoor Corporation (NYSE:DECK) by 3.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,039,579 shares of the textile maker’s stock after acquiring an additional 36,356 shares during the period. State Street Corp owned 3.25% of Deckers Outdoor Corporation worth $70,962,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in DECK. UBS Asset Management Americas Inc. lifted its stake in shares of Deckers Outdoor Corporation by 19.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,465 shares of the textile maker’s stock valued at $1,342,000 after acquiring an additional 3,693 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Deckers Outdoor Corporation by 89.3% in the 1st quarter. JPMorgan Chase & Co. now owns 57,916 shares of the textile maker’s stock valued at $3,459,000 after acquiring an additional 27,316 shares during the last quarter. Credit Agricole S A bought a new position in shares of Deckers Outdoor Corporation in the 1st quarter valued at $310,000. OppenheimerFunds Inc. lifted its stake in shares of Deckers Outdoor Corporation by 33.5% in the 1st quarter. OppenheimerFunds Inc. now owns 8,903 shares of the textile maker’s stock valued at $532,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Deckers Outdoor Corporation by 4.1% in the 1st quarter. Teachers Advisors LLC now owns 55,987 shares of the textile maker’s stock valued at $3,344,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

DECK has been the subject of a number of research reports. FIG Partners reiterated a “buy” rating on shares of Deckers Outdoor Corporation in a research note on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price target on shares of Deckers Outdoor Corporation in a research note on Friday, October 6th. UBS AG cut Deckers Outdoor Corporation to a “neutral” rating in a research note on Monday, October 16th. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Telsey Advisory Group increased their price objective on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.79.

Shares of Deckers Outdoor Corporation (DECK) opened at 72.49 on Monday. The firm’s 50-day moving average price is $66.58 and its 200-day moving average price is $64.59. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $73.45. The firm has a market capitalization of $2.32 billion, a P/E ratio of 104.15 and a beta of 1.33.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. During the same quarter in the previous year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts forecast that Deckers Outdoor Corporation will post $4.09 earnings per share for the current year.

Deckers Outdoor Corporation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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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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