Simplex Trading adds Deckers Outdoor Corp (DECK) to its portfolio

Deckers Outdoor Corp (DECK) : Simplex Trading added new position in Deckers Outdoor Corp during the most recent quarter end. The investment management firm now holds 8,830 shares of Deckers Outdoor Corp which is valued at $546,312 , the company said in a statement filed on Oct 7, 2016 with the SEC.Deckers Outdoor Corp makes up approximately 0.07% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in DECK in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 104 shares of Deckers Outdoor Corp which is valued at $6,434.Bnp Paribas Arbitrage Sa reduced its stake in DECK by selling 8,617 shares or 54.32% in the most recent quarter. The Hedge Fund company now holds 7,245 shares of DECK which is valued at $440,568.

Deckers Outdoor Corp opened for trading at $61.5 and hit $62.44 on the upside on Friday, eventually ending the session at $61.87, with a gain of 1.03% or 0.63 points. The heightened volatility saw the trading volume jump to 5,53,788 shares. Company has a market cap of $1,982 M.

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. Deckers Outdoor Corp was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. 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 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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