Assenagon Asset Management S.A. Has $54.24 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

Assenagon Asset Management S.A. lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 68.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,067 shares of the textile maker's stock after buying an additional 197,464 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of Deckers Outdoor worth $54,235,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter worth $41,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider now directly owns 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cindy L. Davis purchased 1,825 shares of Deckers Outdoor stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the transaction, the director now directly owns 13,340 shares of the company's stock, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Price Performance

DECK stock traded down $6.32 during midday trading on Friday, hitting $101.38. 3,316,054 shares of the stock traded hands, compared to its average volume of 2,601,997. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a market cap of $15.15 billion, a P/E ratio of 16.44, a PEG ratio of 1.68 and a beta of 1.02. The stock's fifty day simple moving average is $112.42 and its 200-day simple moving average is $150.57.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating 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 quarter last year, the firm earned $0.82 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its board has approved a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on DECK. Evercore ISI reissued an "in-line" rating and issued a $110.00 target price (down previously from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. Robert W. Baird reduced their target price on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Raymond James reiterated a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Citigroup decreased their target price 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. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $134.68.

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.