ASR Vermogensbeheer N.V. Acquires New Shares in Deckers Outdoor Corporation (NYSE:DECK)

Key Points

• ASR Vermogensbeheer N.V. invested approximately $1.31 million in Deckers Outdoor Corporation by acquiring 11,723 shares during the first quarter.
• Deckers Outdoor reported a quarterly EPS of $0.93, surpassing analyst estimates of $0.68, with revenues increasing 16.9% year-over-year to $964.54 million.
• The company has authorized a stock buyback program allowing up to $2.25 billion in repurchases, representing about 11.7% of its outstanding shares.

ASR Vermogensbeheer N.V. bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,723 shares of the textile maker's stock, valued at approximately $1,311,000.

Other large investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $34,000. Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $41,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Deckers Outdoor by 352.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 217 shares of the textile maker's stock valued at $44,000 after purchasing an additional 169 shares during the period. Institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DECK. Raymond James Financial increased their price target on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Argus initiated coverage on Deckers Outdoor in a research report on Friday, June 13th. They issued a "hold" rating for the company. KeyCorp reissued a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. KGI Securities raised Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Finally, Robert W. Baird increased their price objective on Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $137.50.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were 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 $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Up 2.6%

Shares of Deckers Outdoor stock traded up $2.66 during trading on Wednesday, reaching $106.40. 969,883 shares of the company were exchanged, compared to its average volume of 3,420,606. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The business has a 50-day moving average price of $104.68 and a 200-day moving average price of $120.48. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 3.82 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%. The company had revenue of $964.54 million during the quarter, compared to the consensus estimate of $901.45 million. During the same period in the prior year, the company earned $4.52 earnings per share. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a share buyback program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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.