Deckers Outdoor Corp (DECK) : Gladstone Capital Management Llp has sold out all of its stake in Deckers Outdoor Corp during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 29,000 shares of Deckers Outdoor Corp which is valued at $1,922,700.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in DECK in the latest quarter, The investment management firm added 413 additional shares and now holds a total of 21,572 shares of Deckers Outdoor Corp which is valued at $1,430,224.Suffolk Capital Management boosted its stake in DECK in the latest quarter, The investment management firm added 71,894 additional shares and now holds a total of 215,591 shares of Deckers Outdoor Corp which is valued at $14,293,683. Deckers Outdoor Corp makes up approx 1.71% of Suffolk Capital Management’s portfolio.Jennison Associates reduced its stake in DECK by selling 1,148 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 20,601 shares of DECK which is valued at $1,288,799. Manchester Capital Management sold out all of its stake in DECK during the most recent quarter. The investment firm sold 1,762 shares of DECK which is valued $106,883.
Deckers Outdoor Corp closed down -0.52 points or -0.76% at $67.61 with 4,89,202 shares getting traded on Wednesday. Post opening the session at $67.88, the shares hit an intraday low of $67.13 and an intraday high of $68.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Deckers Outdoor Corp reported $-1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-2.07. The company had revenue of $174.39 million for the quarter, compared to analysts expectations of $170.26 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.43 EPS.
Many Wall Street Analysts have commented on Deckers Outdoor Corp. Company shares were Upgraded by Telsey Advisory Group on Aug 15, 2016 to ” Outperform”, Firm has raised the Price Target to $ 78 from a previous price target of $68 .Susquehanna Initiated Deckers Outdoor Corp on Aug 12, 2016 to “Neutral”, Price Target of the shares are set at $59.Deckers Outdoor Corp was Downgraded by Standpoint Research to ” Hold” on Aug 2, 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.