111 Capital Buys Shares of 2,855 Deckers Outdoor Co. (NYSE:DECK)

111 Capital purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,855 shares of the textile maker's stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Resonant Capital Advisors LLC lifted its holdings in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the period. Bleakley Financial Group LLC lifted its holdings in Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock valued at $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. lifted its holdings in Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after acquiring an additional 64 shares during the period. Prosperity Wealth Management Inc. lifted its holdings in Deckers Outdoor by 2.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock valued at $564,000 after acquiring an additional 75 shares during the period. Finally, WD Rutherford LLC lifted its holdings in Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after acquiring an additional 79 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK traded down $1.70 during trading hours on Friday, hitting $105.57. 4,410,632 shares of the stock were exchanged, compared to its average volume of 2,554,723. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The stock's 50-day moving average price is $113.07 and its two-hundred day moving average price is $155.60.

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

Deckers Outdoor announced that its Board of Directors has initiated 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 repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group set a $169.00 price target on Deckers Outdoor and gave the company a "buy" rating in a report on Friday, May 23rd. Telsey Advisory Group downgraded Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Raymond James reissued a "strong-buy" rating on shares of Deckers Outdoor in a report on Friday, May 23rd. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Finally, Citigroup cut their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Thirteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $134.68.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Profile

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.