Senvest Management buys $75.4 Million stake in Deckers Outdoor Corp (DECK)

Deckers Outdoor Corp (DECK) : Senvest Management scooped up 92,754 additional shares in Deckers Outdoor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,495,783 shares of Deckers Outdoor Corp which is valued at $75.4 Million.Deckers Outdoor Corp makes up approximately 6.70% of Senvest Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies sold out all of its stake in DECK during the most recent quarter. The investment firm sold 172,700 shares of DECK which is valued $8.7 Million.Lsv Asset Management reduced its stake in DECK by selling 13,231 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 263,300 shares of DECK which is valued at $13.3 Million. Deckers Outdoor Corp makes up approx 0.03% of Lsv Asset Management’s portfolio. Td Asset Management Inc added DECK to its portfolio by purchasing 4,300 company shares during the most recent quarter which is valued at $242,348.

Deckers Outdoor Corp opened for trading at $48.77 and hit $49.68 on the upside on Wednesday, eventually ending the session at $48.95, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 11,65,578 shares. Company has a market cap of $1,587 M.

On the company’s financial health, Deckers Outdoor Corp reported $4.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $4.75. The company had revenue of $795.90 million for the quarter, compared to analysts expectations of $832.94 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.50 EPS.

Many Wall Street Analysts have commented on Deckers Outdoor Corp. Deckers Outdoor Corp was Downgraded by BB&T Capital Mkts to ” Underweight” on May 13, 2016. Company shares were Reiterated by Canaccord Genuity on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $67 .

Deckers Outdoor Corporation (Deckers) offers footwear apparel and accessories. The Company’s segments include operations of Deckers’ brands such as UGG Teva Sanuk and other brands; wholesale divisions; E-Commerce business and retail store business. It sells its UGG footwear and accessories through department stores independent specialty retailers and online retailers. The Company sells Teva footwear through specialty outdoor and sporting goods retailers. It sells Sanuk footwear through independent action sports retailers outdoor retailers specialty footwear retailers and national retail chains. The Company sells other brands at specialty running stores department stores outdoor specialty accounts independent specialty retailers and through online retailers. It operate its E-Commerce business through and Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

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