Systematic Financial Management LP Sells 19,771 Shares of Deckers Outdoor Corp (NYSE:DECK)

Systematic Financial Management LP trimmed its stake in shares of Deckers Outdoor Corp (NYSE:DECK) by 16.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,199 shares of the textile maker’s stock after selling 19,771 shares during the quarter. Systematic Financial Management LP owned approximately 0.34% of Deckers Outdoor worth $17,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its holdings in Deckers Outdoor by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 100 shares in the last quarter. Greenleaf Trust increased its holdings in Deckers Outdoor by 7.3% in the second quarter. Greenleaf Trust now owns 1,843 shares of the textile maker’s stock worth $324,000 after purchasing an additional 125 shares in the last quarter. Lavaca Capital LLC increased its holdings in Deckers Outdoor by 16.2% in the first quarter. Lavaca Capital LLC now owns 906 shares of the textile maker’s stock worth $133,000 after purchasing an additional 126 shares in the last quarter. Wedbush Securities Inc. increased its holdings in Deckers Outdoor by 7.7% in the first quarter. Wedbush Securities Inc. now owns 1,783 shares of the textile maker’s stock worth $262,000 after purchasing an additional 127 shares in the last quarter. Finally, Arjuna Capital increased its holdings in Deckers Outdoor by 2.2% in the first quarter. Arjuna Capital now owns 6,749 shares of the textile maker’s stock worth $992,000 after purchasing an additional 145 shares in the last quarter.

A number of equities research analysts have weighed in on DECK shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $192.00 target price (up from $189.00) on shares of Deckers Outdoor in a report on Friday, July 26th. Macquarie set a $155.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a research note on Tuesday, June 11th. ValuEngine cut Deckers Outdoor from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Wedbush raised their price objective on Deckers Outdoor from $138.00 to $148.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares raised their price objective on Deckers Outdoor from $180.00 to $205.00 in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $162.29.

Shares of NYSE:DECK traded down $1.40 during mid-day trading on Wednesday, hitting $147.69. 266,037 shares of the company traded hands, compared to its average volume of 498,463. The stock has a market cap of $4.32 billion, a PE ratio of 16.71, a P/E/G ratio of 1.40 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.69. Deckers Outdoor Corp has a 12-month low of $101.69 and a 12-month high of $180.76. The firm’s 50-day moving average price is $170.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.15) by $0.48. The company had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $259.71 million. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. Deckers Outdoor’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.98) earnings per share. As a group, research analysts forecast that Deckers Outdoor Corp will post 8.65 earnings per share for the current year.

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 1,813 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $155.53, for a total value of $281,975.89. Following the sale, the director now directly owns 12,131 shares in the company, valued at $1,886,734.43. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrea O’donnell sold 2,100 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total value of $321,573.00. The disclosure for this sale can be found here. Insiders have sold 5,263 shares of company stock worth $807,763 over the last quarter. 0.90% of the stock is currently owned by corporate insiders.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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

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