Crossmark Global Holdings Inc. Buys 42,721 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Crossmark Global Holdings Inc. increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 495.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,348 shares of the textile maker's stock after buying an additional 42,721 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Deckers Outdoor were worth $5,741,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in shares of Deckers Outdoor by 12.5% in the first quarter. HM Payson & Co. now owns 1,350 shares of the textile maker's stock valued at $151,000 after acquiring an additional 150 shares in the last quarter. World Investment Advisors bought a new position in shares of Deckers Outdoor in the first quarter valued at approximately $238,000. Olde Wealth Management LLC bought a new position in shares of Deckers Outdoor in the first quarter valued at approximately $47,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Deckers Outdoor in the first quarter valued at approximately $5,726,000. Finally, IFM Investors Pty Ltd grew its holdings in Deckers Outdoor by 5.2% during the first quarter. IFM Investors Pty Ltd now owns 32,250 shares of the textile maker's stock valued at $3,606,000 after purchasing an additional 1,587 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, 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. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DECK shares. UBS Group set a $169.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, May 23rd. Stifel Nicolaus cut their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Bank of America cut their price target on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and issued a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Finally, KeyCorp reaffirmed a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Deckers Outdoor has an average rating of "Hold" and an average price target of $137.66.

Deckers Outdoor Price Performance

NYSE DECK traded down $0.45 during mid-day trading on Wednesday, reaching $104.84. The stock had a trading volume of 2,852,160 shares, compared to its average volume of 2,650,327. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The stock has a market cap of $15.67 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99. The company has a fifty day moving average price of $110.87 and a 200 day moving average price of $138.49.

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, beating 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $0.82 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its board has approved a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

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.