Nisa Investment Advisors LLC Has $7.22 Million Stake in Deckers Outdoor Corporation (NYSE:DECK)

Nisa Investment Advisors LLC lessened its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,533 shares of the textile maker's stock after selling 7,123 shares during the quarter. Nisa Investment Advisors LLC's holdings in Deckers Outdoor were worth $7,215,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $29,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor during the fourth quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Buying and Selling

In other Deckers Outdoor news, Director Cindy L. Davis bought 1,825 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. The trade was a 2.73% 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.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $3.18 during mid-day trading on Friday, reaching $101.77. 3,166,932 shares of the company traded hands, compared to its average volume of 2,651,465. The firm has a market cap of $15.21 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 6.38 and a beta of 0.99. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The stock has a fifty day simple moving average of $110.32 and a 200-day simple moving average of $136.82.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its 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. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. As a group, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group lowered shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $128.00 price objective (down previously from $129.00) on shares of Deckers Outdoor in a research note on Thursday, May 22nd. Bank of America dropped their price objective on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Finally, Stifel Nicolaus dropped their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $137.66.

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.