Achmea Investment Management B.V. Boosts Stake in Deckers Outdoor Corporation (NYSE:DECK)

Achmea Investment Management B.V. lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,529 shares of the textile maker's stock after purchasing an additional 11,314 shares during the period. Achmea Investment Management B.V.'s holdings in Deckers Outdoor were worth $6,433,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DECK. Norges Bank acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $392,583,000. Raymond James Financial Inc. acquired a new position in Deckers Outdoor in the fourth quarter valued at $185,451,000. Jacobs Levy Equity Management Inc. lifted its holdings in Deckers Outdoor by 204.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock valued at $180,674,000 after buying an additional 597,743 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock valued at $203,850,000 after buying an additional 505,139 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Deckers Outdoor by 69.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,034,191 shares of the textile maker's stock valued at $210,034,000 after buying an additional 424,702 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Trading Up 2.4%

Shares of DECK traded up $2.41 on Friday, reaching $104.34. The company's stock had a trading volume of 3,919,944 shares, compared to its average volume of 2,622,653. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market capitalization of $15.59 billion, a PE ratio of 16.45, a PEG ratio of 6.33 and a beta of 1.02. The firm has a fifty day moving average of $111.26 and a 200-day moving average of $143.44.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on DECK shares. Cowen restated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Telsey Advisory Group lowered shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Wells Fargo & Company dropped their target price on shares of Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Friday, May 23rd. Evercore ISI restated an "in-line" rating and issued a $110.00 target price (down previously from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. Finally, Needham & Company LLC set a $150.00 price objective on shares of Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. Fourteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $140.31.

Insider Buying and Selling

In other news, Director Cindy L. Davis acquired 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, for a total transaction of $200,312.00. Following the purchase, the director now owns 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider now owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.