Deckers Outdoor Co. (NYSE:DECK) Director Acquires $200,312.00 in Stock

Deckers Outdoor Co. (NYSE:DECK - Get Free Report) Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director now owns 13,340 shares in the company, valued at $1,464,198.40. The trade was a 15.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Deckers Outdoor Trading Up 0.9%

Shares of Deckers Outdoor stock traded up $0.97 during trading on Friday, hitting $109.29. The stock had a trading volume of 3,148,158 shares, compared to its average volume of 2,584,799. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The business's 50-day moving average is $112.31 and its 200 day moving average is $153.35.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the business earned $0.82 earnings per share. Deckers Outdoor's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on DECK. Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. UBS Group set a $169.00 price objective on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, May 23rd. Citigroup reduced their target price on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. KeyCorp reiterated a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, Robert W. Baird lowered their target price on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and an average target price of $134.68.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter worth $392,583,000. JPMorgan Chase & Co. grew its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the period. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 1,998.7% during the first quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock valued at $130,144,000 after buying an additional 1,108,516 shares during the last quarter. Raymond James Financial Inc. bought a new position in Deckers Outdoor in the fourth quarter worth approximately $185,451,000. Finally, Nuveen LLC purchased a new stake in shares of Deckers Outdoor in the 1st quarter worth $97,935,000. 97.79% of the stock is currently owned by institutional investors.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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