Deckers Outdoor Corporation (NYSE:DECK) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 50.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,259 shares of the textile maker's stock after selling 6,440 shares during the quarter. Calamos Advisors LLC's holdings in Deckers Outdoor were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aurora Private Wealth Inc. boosted its holdings in Deckers Outdoor by 30.0% in the first quarter. Aurora Private Wealth Inc. now owns 2,535 shares of the textile maker's stock valued at $283,000 after purchasing an additional 585 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new stake in Deckers Outdoor during the 1st quarter worth approximately $899,000. Principal Financial Group Inc. lifted its stake in shares of Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after acquiring an additional 88,179 shares during the period. Mutual Advisors LLC lifted its position in Deckers Outdoor by 54.2% in the first quarter. Mutual Advisors LLC now owns 3,541 shares of the textile maker's stock valued at $387,000 after purchasing an additional 1,245 shares during the period. Finally, Resonant Capital Advisors LLC lifted its holdings in Deckers Outdoor by 15.9% in the first quarter. Resonant Capital Advisors LLC now owns 2,792 shares of the textile maker's stock valued at $312,000 after acquiring an additional 384 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, 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 completion of the sale, the director owned 10,681 shares in the company, valued at $1,165,083.48. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 19,980 shares of the company's stock, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Down 0.8%

Shares of Deckers Outdoor stock traded down $0.80 during trading hours on Tuesday, hitting $104.96. The company's stock had a trading volume of 320,432 shares, compared to its average volume of 2,639,072. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The business has a fifty day moving average of $110.99 and a 200 day moving average of $138.72. The company has a market capitalization of $15.68 billion, a PE ratio of 16.54, a P/E/G ratio of 6.45 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DECK shares. Citigroup reduced their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Barclays reissued an "overweight" rating and issued a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Robert W. Baird cut their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Finally, Needham & Company LLC set a $150.00 price objective on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of "Hold" and a consensus target price of $137.66.

Deckers Outdoor 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.