Deckers Outdoor Co. (NYSE:DECK) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lessened its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 11.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,156 shares of the textile maker's stock after selling 18,748 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.09% of Deckers Outdoor worth $15,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portside Wealth Group LLC increased its stake in Deckers Outdoor by 24.0% in the 1st quarter. Portside Wealth Group LLC now owns 3,480 shares of the textile maker's stock worth $389,000 after acquiring an additional 674 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in Deckers Outdoor in the 1st quarter worth approximately $2,476,000. TrueWealth Advisors LLC bought a new stake in Deckers Outdoor in the 1st quarter worth approximately $306,000. RFG Advisory LLC increased its stake in Deckers Outdoor by 10.8% in the 1st quarter. RFG Advisory LLC now owns 2,343 shares of the textile maker's stock worth $262,000 after acquiring an additional 229 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in Deckers Outdoor by 52.3% in the 1st quarter. Merit Financial Group LLC now owns 2,107 shares of the textile maker's stock worth $236,000 after acquiring an additional 724 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 0.9%

Shares of NYSE DECK traded up $0.97 during mid-day trading on Friday, reaching $109.29. 3,148,158 shares of the company were exchanged, compared to its average volume of 2,584,799. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a 50-day moving average of $112.31 and a 200 day moving average of $153.35.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

DECK has been the topic of several analyst reports. Raymond James reissued a "strong-buy" rating on shares of Deckers Outdoor in a research report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Needham & Company LLC set a $150.00 target price on Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, May 21st. Telsey Advisory Group downgraded Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. Finally, UBS Group set a $169.00 target price on Deckers Outdoor and gave the company a "buy" rating in a research report on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $134.68.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated 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 now directly owns 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the director now directly owns 10,681 shares in the company, valued at $1,165,083.48. This represents 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 corporate insiders.

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.