AXS Investments LLC Has $1.06 Million Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Key Points

• AXS Investments LLC increased its stake in Deckers Outdoor Corporation by 34.8%, holding 9,482 shares valued at approximately $1,060,000 as of the latest SEC filing.
• Deckers Outdoor reported earnings of $0.93 per share for the last quarter, exceeding analyst expectations of $0.68, with revenues reaching $964.54 million.
• The stock currently has an average price target of $137.50 and a consensus rating of "Hold," with several analysts adjusting their price targets upwards recently.

AXS Investments LLC lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,482 shares of the textile maker's stock after buying an additional 2,448 shares during the period. AXS Investments LLC's holdings in Deckers Outdoor were worth $1,060,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DECK. Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $29,000. Vega Investment Solutions acquired a new position in Deckers Outdoor in the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $41,000. Finally, Itau Unibanco Holding S.A. raised 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 worth $44,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK traded down $0.30 during trading hours on Friday, reaching $101.59. The company's stock had a trading volume of 2,253,155 shares, compared to its average volume of 4,555,924. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 3.89 and a beta of 0.99. Deckers Outdoor Corporation has a one year low of $93.72 and a one year high of $223.98. The business's 50-day moving average is $104.81 and its 200-day moving average is $122.73.

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

Deckers Outdoor announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, July 25th. Needham & Company LLC reissued a "buy" rating and set a $128.00 target price (up from $120.00) on shares of Deckers Outdoor in a research note on Wednesday, July 23rd. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Raymond James Financial raised their target price on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus cut their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $137.50.

Insider Activity at Deckers Outdoor

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 transaction of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares in the company, valued at $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the transaction, the director directly owned 10,681 shares of the company's stock, valued at $1,165,083.48. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.