Prudential Financial Inc. Cuts Holdings in Deckers Outdoor Corp (NYSE:DECK)

Prudential Financial Inc. reduced its position in Deckers Outdoor Corp (NYSE:DECK) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,833 shares of the textile maker’s stock after selling 10,435 shares during the quarter. Prudential Financial Inc. owned about 0.12% of Deckers Outdoor worth $6,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. Municipal Employees Retirement System of Michigan increased its holdings in Deckers Outdoor by 1.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,390 shares of the textile maker’s stock valued at $948,000 after purchasing an additional 80 shares in the last quarter. Arabesque Asset Management Ltd increased its holdings in Deckers Outdoor by 0.4% in the 2nd quarter. Arabesque Asset Management Ltd now owns 22,274 shares of the textile maker’s stock valued at $3,920,000 after purchasing an additional 97 shares in the last quarter. Advisory Services Network LLC increased its holdings in Deckers Outdoor by 29.1% in the 2nd quarter. Advisory Services Network LLC now owns 452 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 102 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in Deckers Outdoor by 1.3% in the 2nd quarter. Chase Investment Counsel Corp now owns 9,241 shares of the textile maker’s stock valued at $1,626,000 after purchasing an additional 120 shares in the last quarter. Finally, Greenleaf Trust grew its stake in shares of Deckers Outdoor by 7.3% during the second quarter. Greenleaf Trust now owns 1,843 shares of the textile maker’s stock valued at $324,000 after acquiring an additional 125 shares in the last quarter.

Several analysts have recently weighed in on the company. Wedbush raised their target price on Deckers Outdoor from $138.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. They noted that the move was a valuation call. ValuEngine upgraded Deckers Outdoor from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Citigroup set a $180.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $192.00 target price (up from $189.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. Finally, Robert W. Baird set a $180.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $163.36.

NYSE:DECK traded up $2.15 during mid-day trading on Thursday, reaching $151.89. The stock had a trading volume of 15,333 shares, compared to its average volume of 534,002. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.48 and a beta of 0.83. Deckers Outdoor Corp has a 1-year low of $101.69 and a 1-year high of $180.76. The stock’s 50 day simple moving average is $147.49 and its two-hundred day simple moving average is $154.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 1.62.

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

About Deckers Outdoor

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.

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

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