Verition Fund Management LLC lessened its holdings in Deckers Outdoor Corp (NYSE:DECK) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,305 shares of the textile maker’s stock after selling 950 shares during the period. Verition Fund Management LLC’s holdings in Deckers Outdoor were worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its position in Deckers Outdoor by 8.7% in the first quarter. BlackRock Inc. now owns 3,652,951 shares of the textile maker’s stock worth $328,874,000 after purchasing an additional 292,449 shares during the last quarter. FMR LLC increased its position in Deckers Outdoor by 13.2% during the second quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock valued at $79,397,000 after acquiring an additional 82,214 shares during the last quarter. Renaissance Technologies LLC increased its position in Deckers Outdoor by 30.9% during the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock valued at $64,923,000 after acquiring an additional 135,900 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Deckers Outdoor by 13.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock valued at $49,138,000 after acquiring an additional 51,685 shares during the last quarter. Finally, Millennium Management LLC increased its position in Deckers Outdoor by 854.0% during the first quarter. Millennium Management LLC now owns 424,756 shares of the textile maker’s stock valued at $38,241,000 after acquiring an additional 380,230 shares during the last quarter.

In other Deckers Outdoor news, Director Brian Spaly acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was bought at an average cost of $113.17 per share, with a total value of $113,170.00. Following the completion of the purchase, the director now directly owns 1,087 shares in the company, valued at $123,015.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday. Susquehanna Bancshares upgraded shares of Deckers Outdoor from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $89.00 to $104.00 in a research report on Thursday, August 23rd. UBS Group upgraded shares of Deckers Outdoor to a “neutral” rating in a research report on Thursday, August 23rd. Buckingham Research boosted their price objective on shares of Deckers Outdoor from $99.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. Finally, Canaccord Genuity set a $137.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 27th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $113.77.

Shares of DECK traded up $0.60 during trading hours on Friday, reaching $104.39. 574,978 shares of the company traded hands, compared to its average volume of 689,612. The firm has a market capitalization of $3.57 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.54 and a beta of 1.07. Deckers Outdoor Corp has a 12-month low of $63.32 and a 12-month high of $124.68. The company has a current ratio of 2.93, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 26th. The textile maker reported ($0.98) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.42) by $0.44. The firm had revenue of $250.60 million during the quarter, compared to analyst estimates of $226.31 million. Deckers Outdoor had a net margin of 6.49% and a return on equity of 20.26%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.28) earnings per share. Analysts predict that Deckers Outdoor Corp will post 6.44 earnings per share for the current 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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