Fiera Capital Corp Has $16.55 Million Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Key Points

• Fiera Capital Corp reduced its stake in Deckers Outdoor Corporation by 55.8%, owning 148,049 shares after selling 187,063 shares in the first quarter.
• Deckers Outdoor reported a quarterly EPS of $0.93, exceeding analysts’ expectations of $0.68, along with revenue of $964.54 million, above the estimated $901.45 million.
• The company's Board has approved a $2.25 billion share buyback plan, allowing for the repurchase of up to 11.7% of its outstanding shares, signaling potential confidence in the stock's valuation.

Fiera Capital Corp reduced its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 55.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,049 shares of the textile maker's stock after selling 187,063 shares during the quarter. Fiera Capital Corp owned about 0.10% of Deckers Outdoor worth $16,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Deckers Outdoor in the 1st quarter valued at about $34,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $41,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Trading Down 4.1%

DECK stock traded down $4.58 during trading hours on Thursday, hitting $106.02. 3,704,926 shares of the stock were exchanged, compared to its average volume of 4,332,234. The firm has a market capitalization of $15.75 billion, a P/E ratio of 16.26, a P/E/G ratio of 7.01 and a beta of 0.99. The company has a 50-day simple moving average of $105.31 and a two-hundred day simple moving average of $127.75. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%. The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.52 EPS. On average, equities research analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Cindy L. Davis purchased 1,825 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares in the company, valued at $2,075,722.20. The trade was a 23.81% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the subject of a number of recent analyst reports. Raymond James Financial upped their price target on Deckers Outdoor from $123.00 to $137.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Barclays boosted their price objective on Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. TD Securities boosted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Stifel Nicolaus decreased their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $137.50.

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.