China Universal Asset Management Co. Ltd. Increases Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

China Universal Asset Management Co. Ltd. grew its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 2,505.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,908 shares of the textile maker's stock after buying an additional 3,758 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Deckers Outdoor were worth $437,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mpwm Advisory Solutions LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Vega Investment Solutions acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 valued at $34,000 after purchasing an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Cindy L. Davis acquired 1,825 shares of the business's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director owned 13,340 shares of the company's stock, valued at $1,464,198.40. The trade was a 15.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction 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 completion of the transaction, the director owned 10,681 shares of the company's stock, 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. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DECK shares. KGI Securities raised Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Citigroup lowered their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Robert W. Baird lowered their price target on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, UBS Group set a $169.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $137.66.

Deckers Outdoor Stock Down 3.0%

Shares of NYSE DECK traded down $3.18 during mid-day trading on Friday, hitting $101.77. 3,166,932 shares of the company were exchanged, compared to its average volume of 2,651,465. The stock has a 50 day simple moving average of $110.32 and a 200-day simple moving average of $136.82. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 6.38 and a beta of 0.99.

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

Deckers Outdoor declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

About Deckers Outdoor

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.