Catalyst Capital Advisors LLC Sells 32,523 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Catalyst Capital Advisors LLC cut its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 93.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,177 shares of the textile maker's stock after selling 32,523 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Deckers Outdoor were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DECK. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter worth about $392,583,000. Raymond James Financial Inc. purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $185,451,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Deckers Outdoor by 204.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after acquiring an additional 597,743 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after acquiring an additional 505,139 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Deckers Outdoor by 69.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,034,191 shares of the textile maker's stock worth $210,034,000 after acquiring an additional 424,702 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis bought 1,825 shares of Deckers Outdoor stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost 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 represents a 15.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on 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 approximately $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 0.5%

Shares of NYSE:DECK opened at $105.78 on Friday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market capitalization of $15.81 billion, a PE ratio of 16.68, a PEG ratio of 6.45 and a beta of 0.99. The business has a 50 day moving average of $111.06 and a two-hundred day moving average of $140.34.

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

Deckers Outdoor declared that its board has approved a stock buyback plan 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 plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DECK shares. Robert W. Baird dropped their price target on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Bank of America dropped their price target on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Telsey Advisory Group lowered Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday, May 23rd. Finally, Needham & Company LLC set a $150.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.

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