Asset Management One Co. Ltd. Increases Stake in Deckers Outdoor Corporation (NYSE:DECK)

Asset Management One Co. Ltd. lifted its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,611 shares of the textile maker's stock after buying an additional 12,219 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Deckers Outdoor worth $8,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after purchasing an additional 32,318 shares during the last quarter. Amundi grew its position in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after purchasing an additional 108,054 shares during the last quarter. HighTower Advisors LLC grew its position in Deckers Outdoor by 13.7% during the 4th quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker's stock valued at $11,429,000 after purchasing an additional 6,788 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $30,687,000. Finally, Gitterman Wealth Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $434,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 23rd. Citigroup cut their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. UBS Group set a $169.00 target price on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. 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. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.31.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cindy L. Davis bought 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, with a total value of $200,312.00. Following the completion of the acquisition, the director now directly owns 13,340 shares in the company, valued at $1,464,198.40. This represents 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 insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $2.41 during trading on Friday, hitting $104.34. The company's stock had a trading volume of 3,919,944 shares, compared to its average volume of 2,626,308. The company has a 50-day moving average of $111.26 and a 200-day moving average of $143.86. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 6.19 and a beta of 1.02.

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

Deckers Outdoor announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management 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.