Lbp Am Sa Purchases 6,973 Shares of Deckers Outdoor Corporation (NYSE:DECK)

LBP AM SA raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,802 shares of the textile maker's stock after buying an additional 6,973 shares during the quarter. LBP AM SA owned about 0.05% of Deckers Outdoor worth $8,811,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth $247,000. Proficio Capital Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $30,687,000. PNC Financial Services Group Inc. increased its position in Deckers Outdoor by 3.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,761 shares of the textile maker's stock worth $4,419,000 after buying an additional 751 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new stake in Deckers Outdoor in the fourth quarter worth about $518,000. Finally, Independent Advisor Alliance increased its position in Deckers Outdoor by 2.7% in the fourth quarter. Independent Advisor Alliance now owns 26,869 shares of the textile maker's stock worth $5,457,000 after buying an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI restated an "in-line" rating and issued a $110.00 price target (down previously from $235.00) on shares of Deckers Outdoor in a research report on Friday, May 23rd. Needham & Company LLC set a $150.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating in a report on Wednesday, May 21st. UBS Group set a $169.00 target price on shares of Deckers Outdoor and gave the stock a "buy" rating 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 report on Friday, May 23rd. Finally, Bank of America dropped their price target on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued 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, the company presently has a consensus 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 trading on Friday, reaching $101.77. 3,166,932 shares of the stock were exchanged, compared to its average volume of 2,651,465. The business's 50-day moving average price is $110.32 and its 200 day moving average price is $136.82. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a market capitalization 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 posted its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The firm'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 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider directly owned 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cindy L. Davis bought 1,825 shares of the company's stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director directly owned 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate 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.