Running Oak Capital LLC Boosts Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Running Oak Capital LLC lifted its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 32.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,821 shares of the textile maker's stock after buying an additional 27,391 shares during the period. Running Oak Capital LLC owned about 0.07% of Deckers Outdoor worth $12,615,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DECK. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter valued at about $392,583,000. Raymond James Financial Inc. bought a new position in Deckers Outdoor in the 4th quarter valued at about $185,451,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Deckers Outdoor by 204.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after purchasing an additional 597,743 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after purchasing an additional 505,139 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Deckers Outdoor by 507.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after purchasing an additional 495,364 shares during the period. Institutional investors own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. KeyCorp reiterated a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Citigroup cut their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Bank of America dropped their target price on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Cowen restated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Fourteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $134.68.

Deckers Outdoor Trading Up 0.8%

NYSE DECK traded up $0.80 during trading hours on Friday, hitting $101.80. 3,528,799 shares of the company's stock traded hands, compared to its average volume of 2,607,460. The business's fifty day moving average price is $111.58 and its two-hundred day moving average price is $146.52. The firm has a market capitalization of $15.21 billion, a P/E ratio of 16.05, a P/E/G ratio of 6.17 and a beta of 1.02. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98.

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 for the quarter, topping 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 prior year, the business posted $0.82 earnings per share. The company's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Insider Buying and Selling

In other Deckers Outdoor news, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director now owns 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $648,689.16. Following the transaction, 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 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.