First Hawaiian Bank Has $1.46 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

First Hawaiian Bank lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 47.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,010 shares of the textile maker's stock after selling 11,546 shares during the quarter. First Hawaiian Bank's holdings in Deckers Outdoor were worth $1,455,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Navellier & Associates Inc. lifted its position in shares of Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock worth $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after purchasing an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after buying an additional 32,318 shares in the last quarter. Finally, Amundi lifted its holdings in 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 last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $0.80 during midday trading on Wednesday, reaching $106.63. 1,012,469 shares of the company traded hands, compared to its average volume of 2,557,120. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.68 and a beta of 1.11. The stock has a 50-day moving average price of $112.58 and a 200 day moving average price of $154.62. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 19.14% and a return on equity of 41.71%. Deckers Outdoor's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. As a group, analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized 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 purchase 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.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research analyst reports. Evercore ISI reiterated an "in-line" rating and issued a $110.00 price target (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Piper Sandler reduced their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. TD Securities boosted their price objective on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, KeyCorp reissued a "sector weight" rating and issued a $150.00 target price on shares of Deckers Outdoor in a report on Friday, May 23rd. Thirteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.68.

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.