Deckers Outdoor Corporation (NYSE:DECK) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,873 shares of the textile maker's stock after selling 6,801 shares during the quarter. Kintegral Advisory LLC's holdings in Deckers Outdoor were worth $1,551,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DECK. Revolve Wealth Partners LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $247,000. Oppenheimer & Co. Inc. purchased a new stake in Deckers Outdoor during the fourth quarter valued at approximately $278,000. SVB Wealth LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $325,000. Smartleaf Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 31.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 945 shares of the textile maker's stock worth $194,000 after purchasing an additional 226 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Deckers Outdoor by 110.2% during the 4th quarter. Jones Financial Companies Lllp now owns 4,046 shares of the textile maker's stock valued at $822,000 after purchasing an additional 2,121 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

DECK has been the subject of a number of recent analyst reports. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. KeyCorp restated a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a report 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 for the company in a report on Friday, May 23rd. Telsey Advisory Group downgraded shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday, May 23rd. Finally, Barclays reaffirmed an "overweight" rating and set a $128.00 price target (down previously from $129.00) on shares of Deckers Outdoor in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $137.66.

Deckers Outdoor Price Performance

Shares of DECK stock traded down $0.48 during mid-day trading on Friday, hitting $105.78. 1,736,117 shares of the stock traded hands, compared to its average volume of 2,642,368. Deckers Outdoor Corporation has a 52-week low of $93.72 and a 52-week high of $223.98. The stock has a market cap of $15.81 billion, a P/E ratio of 16.68, a P/E/G ratio of 6.45 and a beta of 0.99. The stock's fifty day moving average is $111.06 and its two-hundred day moving average is $140.34.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS 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 company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Deckers Outdoor's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding 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 often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated 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 directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the sale, the director owned 10,681 shares in the company, 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 owned by company insiders.

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.