Deckers Outdoor Corporation (NYSE:DECK) Shares Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 214.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,400 shares of the textile maker's stock after purchasing an additional 3,000 shares during the quarter. Board of the Pension Protection Fund's holdings in Deckers Outdoor were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DECK. Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $247,000. Private Advisor Group LLC boosted its stake in shares of Deckers Outdoor by 9.4% during the 4th quarter. Private Advisor Group LLC now owns 6,043 shares of the textile maker's stock worth $1,227,000 after acquiring an additional 518 shares in the last quarter. Sigma Planning Corp acquired a new stake in Deckers Outdoor during the 4th quarter worth about $294,000. Advisor OS LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at $407,000. Finally, NewEdge Wealth LLC boosted its position in Deckers Outdoor by 3.6% during the 4th quarter. NewEdge Wealth LLC now owns 190,140 shares of the textile maker's stock worth $38,616,000 after acquiring an additional 6,558 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $101.94 on Friday. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock's fifty day moving average is $111.29 and its 200 day moving average is $144.54. The firm has a market capitalization of $15.23 billion, a PE ratio of 16.07, a PEG ratio of 6.14 and a beta of 1.02.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.57 by $0.43. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. Deckers Outdoor's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized a stock buyback program on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Cindy L. Davis acquired 1,825 shares of the company's stock in a transaction on Friday, June 6th. The shares were bought at an average price of $109.76 per share, with a total value of $200,312.00. Following the completion of the acquisition, the director now owns 13,340 shares in the company, valued at $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 accessible through this link. Also, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction dated 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 now owns 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DECK. Telsey Advisory Group lowered Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd. Bank of America decreased their target price on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Raymond James Financial reiterated a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $140.31.

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.

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