Barlow Wealth Partners Inc. Takes Position in Deckers Outdoor Corporation (NYSE:DECK)

Barlow Wealth Partners Inc. bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,235 shares of the textile maker's stock, valued at approximately $899,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $29,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after buying an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $41,000. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis bought 1,825 shares of the stock in a transaction on Friday, June 6th. The shares were bought at an average price of $109.76 per share, with a total value of $200,312.00. Following the purchase, the director directly owned 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the transaction, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 0.5%

Shares of DECK traded down $0.48 during trading hours on Thursday, reaching $105.78. 1,736,117 shares of the stock traded hands, compared to its average volume of 2,642,368. The company's 50-day moving average price is $111.12 and its two-hundred day moving average price is $141.06. The company has a market cap of $15.81 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 6.45 and a beta of 0.99. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. On average, research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has authorized a stock repurchase program on Thursday, May 22nd that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

DECK has been the topic of a number of research analyst reports. Argus started coverage on Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating on the stock. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Bank of America dropped their target price on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Robert W. Baird decreased their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.66.

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.