Atria Wealth Solutions Inc. Has $427,000 Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Atria Wealth Solutions Inc. reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 42.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,818 shares of the textile maker's stock after selling 2,788 shares during the period. Atria Wealth Solutions Inc.'s holdings in Deckers Outdoor were worth $427,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at about $78,000. SGL Investment Advisors Inc. boosted its holdings in shares of Deckers Outdoor by 37.4% in the 1st quarter. SGL Investment Advisors Inc. now owns 4,919 shares of the textile maker's stock valued at $550,000 after buying an additional 1,339 shares during the period. Allianz SE boosted its holdings in shares of Deckers Outdoor by 713.1% in the 1st quarter. Allianz SE now owns 28,701 shares of the textile maker's stock valued at $3,209,000 after buying an additional 25,171 shares during the period. Blair William & Co. IL boosted its holdings in shares of Deckers Outdoor by 34.7% in the 1st quarter. Blair William & Co. IL now owns 5,770 shares of the textile maker's stock valued at $645,000 after buying an additional 1,486 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Deckers Outdoor by 910.0% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,050 shares of the textile maker's stock valued at $565,000 after buying an additional 4,550 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $1.05 during midday trading on Friday, reaching $102.81. 2,655,669 shares of the company were exchanged, compared to its average volume of 3,976,303. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a market cap of $15.25 billion, a P/E ratio of 15.77, a PEG ratio of 3.91 and a beta of 0.99. The company's 50 day moving average price is $104.48 and its two-hundred day moving average price is $118.16.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same period in the previous year, the firm earned $4.52 EPS. Deckers Outdoor's revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 6,244 shares of the business's stock in a transaction that occurred 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 in the company, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cindy L. Davis bought 1,825 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price 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 in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on DECK shares. Citigroup decreased their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $128.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. KeyCorp reissued a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, Bank of America reduced their target price on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and a consensus price target of $137.50.

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.