Exchange Traded Concepts LLC Increases Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Exchange Traded Concepts LLC increased its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 56.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,181 shares of the textile maker's stock after acquiring an additional 2,596 shares during the quarter. Exchange Traded Concepts LLC's holdings in Deckers Outdoor were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DECK. Norges Bank bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $392,583,000. Raymond James Financial Inc. bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $185,451,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock valued at $180,674,000 after buying an additional 597,743 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Deckers Outdoor by 101.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock valued at $203,850,000 after buying an additional 505,139 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 507.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock valued at $120,436,000 after buying an additional 495,364 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE DECK traded up $0.80 during trading on Friday, hitting $101.80. The company's stock had a trading volume of 3,528,799 shares, compared to its average volume of 2,612,008. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company has a market cap of $15.21 billion, a PE ratio of 16.05, a P/E/G ratio of 6.13 and a beta of 1.02. The business's 50 day simple moving average is $111.58 and its 200-day simple moving average is $147.30.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. The firm had revenue of $1.02 billion during 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%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are 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 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 now owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 transaction, the director now directly owns 10,681 shares in the company, valued at approximately $1,165,083.48. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DECK. TD Securities lifted their price target on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company lowered their price target on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Friday, May 23rd. Robert W. Baird lowered their price target on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Needham & Company LLC set a $150.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Barclays reaffirmed an "overweight" rating and issued a $128.00 price target (down previously from $129.00) on shares of Deckers Outdoor in a research report on Thursday, May 22nd. 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 data from MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $134.68.

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.