Deckers Outdoor Corporation (NYSE:DECK) Stock Position Reduced by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,931 shares of the textile maker's stock after selling 6,090 shares during the period. Wakefield Asset Management LLLP's holdings in Deckers Outdoor were worth $1,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighPoint Advisor Group LLC raised its holdings in Deckers Outdoor by 5.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,623 shares of the textile maker's stock worth $330,000 after buying an additional 81 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Deckers Outdoor by 4.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker's stock worth $386,000 after acquiring an additional 84 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Deckers Outdoor by 1.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker's stock valued at $1,016,000 after buying an additional 90 shares during the period. Alcosta Capital Management Inc. increased its stake in shares of Deckers Outdoor by 0.3% in the fourth quarter. Alcosta Capital Management Inc. now owns 33,787 shares of the textile maker's stock valued at $6,862,000 after buying an additional 90 shares during the period. Finally, Arete Wealth Advisors LLC increased its position in Deckers Outdoor by 2.8% during the 4th quarter. Arete Wealth Advisors LLC now owns 3,654 shares of the textile maker's stock valued at $747,000 after purchasing an additional 98 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.6%

Shares of NYSE:DECK opened at $105.69 on Wednesday. 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 $15.79 billion, a PE ratio of 16.66, a P/E/G ratio of 6.89 and a beta of 0.99. The firm has a 50-day simple moving average of $107.73 and a 200 day simple moving average of $131.40.

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

Deckers Outdoor announced that its board has authorized a share buyback program on Thursday, May 22nd that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI reiterated an "in-line" rating and issued a $110.00 target price (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. The Goldman Sachs Group lowered their target price on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday. TD Securities lifted their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Finally, Robert W. Baird dropped their price objective on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $132.45.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis purchased 1,825 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director directly owned 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares in the company, 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. Company insiders own 0.40% of the company's stock.

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.

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