Dorsey Wright & Associates Sells 48,912 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Dorsey Wright & Associates lessened its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 95.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,430 shares of the textile maker's stock after selling 48,912 shares during the period. Dorsey Wright & Associates' holdings in Deckers Outdoor were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Marks Group Wealth Management Inc increased its stake in shares of Deckers Outdoor by 15.4% during the first quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock valued at $7,033,000 after acquiring an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after acquiring an additional 2,706 shares during the period. Park Avenue Securities LLC increased its stake in shares of Deckers Outdoor by 32.3% during the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after acquiring an additional 6,569 shares during the period. Principal Financial Group Inc. increased its stake in shares of Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after acquiring an additional 88,179 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Deckers Outdoor during the first quarter valued at approximately $493,000. Institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Needham & Company LLC reiterated a "buy" rating and set a $128.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a research note on Wednesday. Barclays raised their price objective on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Citigroup decreased their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $137.50.

Deckers Outdoor Price Performance

Shares of DECK stock traded up $11.69 on Friday, hitting $116.63. The company's stock had a trading volume of 15,340,205 shares, compared to its average volume of 3,644,249. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm's fifty day moving average price is $106.21 and its 200-day moving average price is $129.20. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 7.67 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.25. The business had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.54%. Deckers Outdoor's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.52 EPS. Analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Cindy L. Davis bought 1,825 shares of the business's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 directly owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents 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 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.