AlphaCrest Capital Management LLC Takes Position in Deckers Outdoor Corp (NYSE:DECK)

AlphaCrest Capital Management LLC purchased a new stake in Deckers Outdoor Corp (NYSE:DECK) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,541 shares of the textile maker’s stock, valued at approximately $1,696,000.

Several other hedge funds have also added to or reduced their stakes in the stock. GAM Holding AG raised its holdings in Deckers Outdoor by 45.3% during the 1st quarter. GAM Holding AG now owns 83,626 shares of the textile maker’s stock worth $12,292,000 after purchasing an additional 26,089 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Deckers Outdoor during the 1st quarter valued at $106,000. Sawtooth Solutions LLC bought a new position in Deckers Outdoor during the 1st quarter valued at $448,000. Federated Investors Inc. PA lifted its stake in Deckers Outdoor by 181.9% during the 1st quarter. Federated Investors Inc. PA now owns 46,226 shares of the textile maker’s stock valued at $6,795,000 after acquiring an additional 29,826 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in Deckers Outdoor during the 1st quarter valued at $276,000.

Shares of Deckers Outdoor stock traded up $1.76 during midday trading on Wednesday, reaching $173.69. 354,599 shares of the company’s stock traded hands, compared to its average volume of 554,731. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.26 and a current ratio of 4.37. The company has a market capitalization of $5.05 billion, a P/E ratio of 19.67, a PEG ratio of 1.76 and a beta of 0.75. The company’s 50 day moving average is $157.60. Deckers Outdoor Corp has a 12 month low of $101.69 and a 12 month high of $176.80.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.75. Deckers Outdoor had a return on equity of 27.32% and a net margin of 13.08%. The company had revenue of $394.10 million for the quarter, compared to analysts’ expectations of $378.82 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts anticipate that Deckers Outdoor Corp will post 8.45 EPS for the current year.

In other Deckers Outdoor news, insider Andrea O’donnell sold 2,100 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.13, for a total value of $321,573.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David E. Lafitte sold 1,350 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $151.27, for a total value of $204,214.50. Following the completion of the transaction, the chief operating officer now directly owns 23,113 shares in the company, valued at approximately $3,496,303.51. The disclosure for this sale can be found here. Insiders have sold 5,263 shares of company stock worth $807,763 over the last ninety days. 0.40% of the stock is currently owned by insiders.

DECK has been the topic of several recent analyst reports. Bank of America upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $150.00 to $180.00 in a research note on Tuesday, May 21st. Macquarie set a $155.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research note on Tuesday, June 11th. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Wells Fargo & Co started coverage on Deckers Outdoor in a research note on Tuesday, April 23rd. They issued a “market perform” rating and a $163.00 price objective on the stock. Finally, Pivotal Research lifted their target price on Deckers Outdoor to $152.00 in a report on Friday, May 24th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $146.50.

Deckers Outdoor Company Profile

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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