Deckers Outdoor Corp (DECK) : Verity Asset Management added new position in Deckers Outdoor Corp during the most recent quarter end. The investment management firm now holds 13,784 shares of Deckers Outdoor Corp which is valued at $694,714 , the company said in a statement filed on May 13, 2016 with the SEC.Deckers Outdoor Corp makes up approximately 0.80% of Verity Asset Management’s portfolio.
Other Hedge Funds, Including , Dreman Value Management L L C added DECK to its portfolio by purchasing 213 company shares during the most recent quarter which is valued at $10,735.Freestone Capital Holdings boosted its stake in DECK in the latest quarter, The investment management firm added 496 additional shares and now holds a total of 15,239 shares of Deckers Outdoor Corp which is valued at $768,046. Deckers Outdoor Corp makes up approx 0.08% of Freestone Capital Holdings’s portfolio.Spot Trading L.l.c reduced its stake in DECK by selling 9,469 shares or 46.63% in the most recent quarter. The Hedge Fund company now holds 10,838 shares of DECK which is valued at $546,235. Deckers Outdoor Corp makes up approx 0.07% of Spot Trading L.l.c’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in DECK during the most recent quarter. The investment firm sold 12,843 shares of DECK which is valued $647,287.Jennison Associates reduced its stake in DECK by selling 746,763 shares or 97.17% in the most recent quarter. The Hedge Fund company now holds 21,749 shares of DECK which is valued at $1.2 Million.
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 $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.06. The company had revenue of $378.60 million for the quarter, compared to analysts expectations of $362.08 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Deckers Outdoor Corp. Shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Market Perform” and Lowered the Price Target to $ 57 from a previous price target of $60 .Deckers Outdoor Corp was Downgraded by Citigroup to ” Neutral” on May 27, 2016. Deckers Outdoor Corp was Downgraded by BB&T Capital Mkts to ” Underweight” on May 13, 2016.
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 Uggaustralia.com Teva.com Sanuk.com Ahnu.com Hokaoneone.com Mozo.com and Tsubo.com Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.