Deckers Outdoor Corporation (NYSE:DECK) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 15.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 850,729 shares of the textile maker's stock after selling 153,014 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.56% of Deckers Outdoor worth $95,120,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. Vanguard Group Inc. increased its holdings in Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after purchasing an additional 229,807 shares during the period. Geode Capital Management LLC grew its position in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock worth $831,723,000 after buying an additional 45,035 shares in the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at $392,583,000. Northern Trust Corp raised its holdings in shares of Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker's stock valued at $321,228,000 after acquiring an additional 192,469 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Deckers Outdoor by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker's stock valued at $289,027,000 after acquiring an additional 145,794 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK traded down $3.18 during midday trading on Friday, hitting $101.77. The company's stock had a trading volume of 3,166,932 shares, compared to its average volume of 2,651,465. Deckers Outdoor Corporation has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market cap of $15.21 billion, a P/E ratio of 16.55, a P/E/G ratio of 6.38 and a beta of 0.99. The firm's 50 day moving average is $110.32 and its 200-day moving average is $136.82.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has approved a share buyback plan on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Deckers Outdoor

In other news, Director Cindy L. Davis purchased 1,825 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the completion of the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DECK shares. Evercore ISI restated an "in-line" rating and issued a $110.00 price target (down previously from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. UBS Group set a $169.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a report on Friday, May 23rd. KeyCorp reiterated a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Bank of America reduced their price target on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Argus began coverage on Deckers Outdoor in a research report on Friday, June 13th. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Deckers Outdoor has an average rating of "Hold" and an average 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.