Conway Capital Management Inc. Sells 32,281 Shares of Deckers Outdoor Co. (NYSE:DECK)

Conway Capital Management Inc. reduced its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 57.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,308 shares of the textile maker's stock after selling 32,281 shares during the period. Deckers Outdoor makes up about 1.4% of Conway Capital Management Inc.'s investment portfolio, making the stock its 16th largest position. Conway Capital Management Inc.'s holdings in Deckers Outdoor were worth $2,718,000 at the end of the most recent quarter.

Several other hedge funds 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 worth about $26,000. Headlands Technologies LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $29,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $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 purchased 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director now owns 13,340 shares in the company, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider now directly owns 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $2.14 during trading on Monday, hitting $103.62. The company had a trading volume of 2,803,316 shares, compared to its average volume of 2,608,374. The stock's 50-day moving average price is $112.42 and its 200 day moving average price is $149.99. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The firm has a market capitalization of $15.48 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 41.71% and a net margin of 19.14%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the business earned $0.82 earnings per share. Deckers Outdoor's revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on DECK shares. UBS Group set a $169.00 target price on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Robert W. Baird decreased their price objective 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. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Needham & Company LLC set a $150.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Wells Fargo & Company cut their price objective on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Friday, May 23rd. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and an average price target of $134.68.

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.