Deckers Outdoor Corporation (NYSE:DECK) Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 83.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,499 shares of the textile maker's stock after buying an additional 201,094 shares during the period. AustralianSuper Pty Ltd owned approximately 0.29% of Deckers Outdoor worth $49,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $392,583,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Deckers Outdoor by 204.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Deckers Outdoor by 101.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after buying an additional 505,139 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Deckers Outdoor by 69.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,034,191 shares of the textile maker's stock worth $210,034,000 after buying an additional 424,702 shares during the period. Finally, Martin Currie Ltd. bought a new position in shares of Deckers Outdoor in the fourth quarter worth about $57,688,000. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE:DECK traded up $0.68 during midday trading on Friday, hitting $101.90. The company had a trading volume of 3,411,771 shares, compared to its average volume of 2,705,427. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 6.21 and a beta of 0.99. The business's 50-day simple moving average is $108.14 and its 200-day simple moving average is $132.62.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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. The business 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%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS 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 repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the transaction, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the sale, the director directly owned 10,681 shares in the company, valued at approximately $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 insiders.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research reports. Argus initiated coverage on shares of Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating for the company. Raymond James Financial reiterated a "strong-buy" rating on shares of Deckers Outdoor in a report on Friday, May 23rd. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Citigroup reduced their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, TD Securities upped their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One equities 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $135.61.

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.