The Smithfield Trust Co. Sold shares of Deckers Outdoor Corp. (DECK)

The Smithfield Trust Co. Sold shares of Deckers Outdoor Corp. (DECK)

Smithfield Trust Co. reduced its stake in Deckers Outdoor Corp. (NYSE:DECK) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,937 shares of the company’s stock after selling 82 shares during the period. Smithfield Trust Co.’s holdings in Deckers Outdoor Corp. were worth $456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Deckers Outdoor Corp. by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock worth $114,000 after buying an additional 783 shares during the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Deckers Outdoor Corp. by 15.1% in the second quarter. Jensen Investment Management Inc. now owns 8,140 shares of the company’s stock worth $468,000 after buying an additional 1,070 shares during the last quarter. CIBC World Markets Inc. boosted its stake in shares of Deckers Outdoor Corp. by 0.7% in the second quarter. CIBC World Markets Inc. now owns 8,360 shares of the company’s stock worth $481,000 after buying an additional 60 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Deckers Outdoor Corp. during the first quarter worth approximately $717,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Deckers Outdoor Corp. during the first quarter worth approximately $750,000.

Deckers Outdoor Corp. (NYSE:DECK) traded down 0.86% during trading on Friday, reaching $56.43. The company’s stock had a trading volume of 328,742 shares. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.71 and a beta of 1.08. Deckers Outdoor Corp. has a 1-year low of $40.74 and a 1-year high of $69.94. The company’s 50-day moving average is $61.51 and its 200-day moving average is $59.18.

Deckers Outdoor Corp. (NYSE:DECK) last posted its earnings results on Thursday, July 28th. The company reported ($1.80) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.07) by $0.27. The company had revenue of $174.40 million for the quarter, compared to analyst estimates of $170.48 million. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. Deckers Outdoor Corp.’s revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.43) earnings per share. Equities analysts anticipate that Deckers Outdoor Corp. will post $4.31 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group raised shares of Deckers Outdoor Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $68.00 to $78.00 in a research note on Monday, August 15th. Susquehanna assumed coverage on shares of Deckers Outdoor Corp. in a research note on Friday, August 12th. They set a “neutral” rating and a $59.00 price objective on the stock. Brean Capital reaffirmed a “buy” rating and set a $72.00 price objective on shares of Deckers Outdoor Corp. in a research note on Friday, August 12th. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $63.00 price objective on shares of Deckers Outdoor Corp. in a research note on Friday, July 29th. Finally, B. Riley reaffirmed a “neutral” rating and set a $63.00 price objective on shares of Deckers Outdoor Corp. in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.19.

In other news, Director Angel R. Martinez sold 29,058 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $67.61, for a total value of $1,964,611.38. Following the sale, the director now directly owns 393,636 shares in the company, valued at $26,613,729.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Powers sold 1,750 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $64.17, for a total value of $112,297.50. Following the completion of the sale, the chief executive officer now owns 118,873 shares in the company, valued at $7,628,080.41. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

About Deckers Outdoor Corp.

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.

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