Draper Asset Management LLC Takes $534,000 Position in Deckers Outdoor Corporation (NYSE:DECK)

Draper Asset Management LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,774 shares of the textile maker's stock, valued at approximately $534,000. Deckers Outdoor comprises approximately 0.4% of Draper Asset Management LLC's investment portfolio, making the stock its 15th largest position.

Other institutional investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor in the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $29,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $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 4th quarter valued at approximately $41,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $105.04 on Friday. The business has a 50 day simple moving average of $110.62 and a two-hundred day simple moving average of $137.55. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a market capitalization of $15.70 billion, a P/E ratio of 16.56, a PEG ratio of 6.38 and a beta of 0.99.

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

Deckers Outdoor announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the sale, the director owned 10,681 shares in the company, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis acquired 1,825 shares of the business's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director owned 13,340 shares in the company, valued at $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DECK shares. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Robert W. Baird decreased their target price 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. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Stifel Nicolaus decreased their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Needham & Company LLC set a $150.00 target price on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $137.66.

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.

Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.