Farther Finance Advisors LLC grew its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 130.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,546 shares of the textile maker's stock after acquiring an additional 3,136 shares during the period. Farther Finance Advisors LLC's holdings in Deckers Outdoor were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Navellier & Associates Inc. grew its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after buying an additional 1,791 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after buying an additional 32,318 shares during the period. Amundi grew its position in shares of Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock worth $225,855,000 after buying an additional 108,054 shares during the period. Principal Financial Group Inc. grew its holdings in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker's stock valued at $101,457,000 after purchasing an additional 102,134 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Deckers Outdoor by 13.7% during the fourth quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker's stock valued at $11,429,000 after purchasing an additional 6,788 shares during the period. 97.79% of the stock is owned by institutional investors.
Insider Activity at Deckers Outdoor
In other Deckers Outdoor news, Director Cindy L. Davis purchased 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director now owns 13,340 shares of the company's stock, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the completion of the sale, the director now owns 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Deckers Outdoor Stock Performance
Shares of NYSE DECK traded down $6.32 during midday trading on Friday, reaching $101.38. The stock had a trading volume of 3,316,054 shares, compared to its average volume of 2,607,595. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98. The company's 50 day moving average price is $112.42 and its 200 day moving average price is $150.28.
Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) 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 the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 EPS. Equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share 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 repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
A number of brokerages recently issued reports on DECK. Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. Robert W. Baird cut their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a report on Friday, May 23rd. Telsey Advisory Group lowered shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report on Friday, May 23rd. Finally, Piper Sandler decreased their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Fourteen equities 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. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and an average target price of $134.68.
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Deckers Outdoor Profile
(
Free Report)
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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