Skylands Capital LLC Purchases New Holdings in Deckers Outdoor Corporation $DECK

Key Points

• Skylands Capital purchased 67,075 shares of Deckers Outdoor in the third quarter, worth approximately $5.24 million. Institutional investors and hedge funds collectively own 97.79% of the company.
• Deckers reported quarterly EPS of $0.94, beating estimates of $0.88, while revenue rose 5.7% year over year to $1.02 billion. Analysts expect full-year EPS of approximately $7.50.
• DECK shares opened at $85.35, down 2.3%, and analysts maintain a consensus “Hold” rating with an average price target of $111.84.

Skylands Capital LLC purchased a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,075 shares of the textile maker's stock, valued at approximately $5,241,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the second quarter valued at about $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Deckers Outdoor by 21.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock worth $210,157,000 after buying an additional 374,923 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Deckers Outdoor by 123.2% in the first quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock worth $180,464,000 after buying an additional 995,099 shares in the last quarter. Amundi lifted its stake in shares of Deckers Outdoor by 13.2% in the first quarter. Amundi now owns 1,611,174 shares of the textile maker's stock worth $161,262,000 after buying an additional 187,702 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor during the second quarter worth about $119,656,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 2.3%

Shares of NYSE:DECK opened at $85.35 on Thursday. The business has a fifty day moving average of $83.83 and a two-hundred day moving average of $97.09. The stock has a market cap of $11.63 billion, a P/E ratio of 12.11, a PEG ratio of 1.36 and a beta of 1.12. Deckers Outdoor Corporation has a 52-week low of $77.20 and a 52-week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.93 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Deckers Outdoor Corporation will post 7.50 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DECK. Raymond James Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the company an "outperform" rating in a research note on Friday, October 16th. UBS Group reiterated a "buy" rating and issued a $140.00 price objective on shares of Deckers Outdoor in a report on Thursday, October 15th. Robert W. Baird decreased their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. KeyCorp reissued a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Finally, BMO Capital Markets initiated coverage on Deckers Outdoor in a report on Tuesday, September 8th. They set an "underperform" rating and a $70.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $111.84.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands NYSE: DECK, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.