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Deckers Outdoor Corporation (NYSE:DECK) Shares Purchased by Cambridge Investment Research Advisors Inc.

Deckers Outdoor logo with Retail/Wholesale background

Cambridge Investment Research Advisors Inc. grew its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 17.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,864 shares of the textile maker's stock after buying an additional 2,706 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Deckers Outdoor were worth $1,997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $29,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor during the 4th quarter worth $29,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird decreased their price target 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. TD Securities upped their price target on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Telsey Advisory Group downgraded Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. KeyCorp reissued a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Deckers Outdoor in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.66.

Get Our Latest Research Report on DECK

Deckers Outdoor Price Performance

Shares of DECK stock traded up $0.98 during midday trading on Wednesday, hitting $106.38. The company had a trading volume of 4,621,802 shares, compared to its average volume of 2,635,974. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 6.26 and a beta of 0.99. The company's 50 day simple moving average is $111.23 and its 200 day simple moving average is $142.03. 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 announced its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. Analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

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

Insider Buying and Selling at Deckers Outdoor

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

About Deckers Outdoor

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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