Arlington Financial Advisors LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Arlington Financial Advisors LLC purchased a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,877 shares of the textile maker's stock, valued at approximately $322,000.

Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in Deckers Outdoor in the fourth quarter worth about $392,583,000. JPMorgan Chase & Co. raised its holdings in shares of 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $185,451,000. Jacobs Levy Equity Management Inc. raised its stake in Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock valued at $180,674,000 after purchasing an additional 597,743 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake 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 purchasing an additional 505,139 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Up 3.7%

NYSE:DECK traded up $3.91 during trading hours on Thursday, hitting $109.72. 1,929,656 shares of the company were exchanged, compared to its average volume of 2,565,860. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The company has a fifty day simple moving average of $112.47 and a 200 day simple moving average of $154.28.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly 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 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 the consensus estimate of $1.01 billion. During the same period last year, the business posted $0.82 EPS. The business's revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors 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 repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent research reports. Citigroup cut their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Needham & Company LLC set a $150.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company dropped their target price on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and set a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Thirteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.68.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider now directly owns 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Company 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.