Envestnet Asset Management Inc. Sells 153,014 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Envestnet Asset Management Inc. lowered its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 850,729 shares of the textile maker's stock after selling 153,014 shares during the quarter. Envestnet Asset Management Inc. owned 0.56% of Deckers Outdoor worth $95,120,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor in the fourth quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $29,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of 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 purchasing an additional 120 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $41,000. 97.79% of the stock is owned by institutional investors.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis acquired 1,825 shares of the stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director directly owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's 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 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. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $3.27 on Monday, reaching $98.46. The stock had a trading volume of 5,040,775 shares, compared to its average volume of 2,662,323. The stock has a market cap of $14.71 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 6.18 and a beta of 0.99. Deckers Outdoor Corporation has a 1 year low of $93.72 and a 1 year high of $223.98. The company has a 50 day simple moving average of $110.32 and a 200 day simple moving average of $135.81.

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

Deckers Outdoor announced that its Board of Directors has initiated a stock buyback program 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 programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on DECK. Robert W. Baird decreased their target price on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Argus started coverage on Deckers Outdoor in a report on Friday, June 13th. They set a "hold" rating for the company. Barclays reiterated an "overweight" rating and issued a $128.00 price objective (down previously from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. Finally, Evercore ISI restated an "in-line" rating and issued a $110.00 target price (down previously from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and a consensus target price 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.