Fidelis Capital Partners LLC Has $218,000 Stake in Deckers Outdoor Corporation (NYSE:DECK)

Fidelis Capital Partners LLC reduced its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 81.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,993 shares of the textile maker's stock after selling 8,515 shares during the period. Fidelis Capital Partners LLC's holdings in Deckers Outdoor were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after purchasing an additional 2,706 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Deckers Outdoor by 13.7% in 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 last quarter. Gitterman Wealth Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at $434,000. Park Avenue Securities LLC increased its holdings in shares of Deckers Outdoor by 32.3% in the first quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock valued at $3,011,000 after purchasing an additional 6,569 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DECK has been the topic of several research reports. TD Securities upped their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, July 2nd. They issued a "sell" rating and a $90.00 price target on the stock. KeyCorp restated a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a research note on Friday, May 23rd. Argus initiated coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating on the stock. Finally, Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor has a consensus rating of "Hold" and an average target price of $137.66.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded down $3.18 on Friday, hitting $101.77. The stock had a trading volume of 3,166,932 shares, compared to its average volume of 2,652,583. The stock has a 50 day moving average of $110.32 and a 200 day moving average of $136.33. Deckers Outdoor Corporation has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market capitalization of $15.21 billion, a P/E ratio of 16.04, a PEG ratio of 6.18 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider directly owned 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor 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.