51,215 Shares in Deckers Outdoor Corporation (NYSE:DECK) Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,215 shares of the textile maker's stock, valued at approximately $5,726,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth about $247,000. Oppenheimer & Co. Inc. bought a new position in Deckers Outdoor in the 4th quarter worth approximately $278,000. SVB Wealth LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at approximately $325,000. Smartleaf Asset Management LLC raised its holdings in Deckers Outdoor by 31.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 945 shares of the textile maker's stock valued at $194,000 after acquiring an additional 226 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Deckers Outdoor by 110.2% during the 4th quarter. Jones Financial Companies Lllp now owns 4,046 shares of the textile maker's stock valued at $822,000 after acquiring an additional 2,121 shares during the period. 97.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis purchased 1,825 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the director owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Down 0.5%

Deckers Outdoor stock opened at $105.78 on Friday. The firm has a fifty day simple moving average of $111.12 and a two-hundred day simple moving average of $141.06. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a market capitalization of $15.81 billion, a PE ratio of 16.68, a P/E/G ratio of 6.45 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data 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 41.17% and a net margin of 19.49%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

DECK has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Friday, May 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Deckers Outdoor in a report on Friday, May 23rd. Citigroup lowered their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus reduced their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, Robert W. Baird lowered their target price on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $137.66.

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.

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