BlueMountain Capital Management LLC Invests $5.43 Million in Deckers Outdoor Corporation (DECK) Stock

BlueMountain Capital Management LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 79,597 shares of the textile maker’s stock, valued at approximately $5,433,000. BlueMountain Capital Management LLC owned about 0.25% of Deckers Outdoor Corporation at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. TIAA CREF Investment Management LLC boosted its holdings in Deckers Outdoor Corporation by 1.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 142,825 shares of the textile maker’s stock valued at $9,749,000 after purchasing an additional 2,428 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Deckers Outdoor Corporation by 2.2% in the 2nd quarter. Teachers Advisors LLC now owns 57,246 shares of the textile maker’s stock valued at $3,908,000 after purchasing an additional 1,259 shares during the last quarter. Seven Eight Capital LP acquired a new position in Deckers Outdoor Corporation in the 2nd quarter valued at about $1,934,000. Riverhead Capital Management LLC boosted its holdings in Deckers Outdoor Corporation by 75.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Deckers Outdoor Corporation in the 2nd quarter valued at about $848,000. Institutional investors own 99.57% of the company’s stock.

TRADEMARK VIOLATION WARNING: “BlueMountain Capital Management LLC Invests $5.43 Million in Deckers Outdoor Corporation (DECK) Stock” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/16/bluemountain-capital-management-llc-invests-5-43-million-in-deckers-outdoor-corporation-deck-stock.html.

Several research firms have weighed in on DECK. B. Riley reiterated a “neutral” rating and issued a $61.00 target price on shares of Deckers Outdoor Corporation in a report on Monday, May 22nd. BidaskClub upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Buckingham Research lowered shares of Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. Finally, Canaccord Genuity boosted their target price on shares of Deckers Outdoor Corporation from $69.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Deckers Outdoor Corporation currently has a consensus rating of “Hold” and an average price target of $67.00.

Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 2.15% during midday trading on Friday, reaching $63.80. 375,664 shares of the company traded hands. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 91.67 and a beta of 1.23. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The company’s 50 day moving average is $63.98 and its 200-day moving average is $62.09.

Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.67) by $0.39. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. Deckers Outdoor Corporation’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.80) earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

About Deckers Outdoor Corporation

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply