Harbor Capital Advisors Inc. Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Harbor Capital Advisors Inc. acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,032 shares of the textile maker's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth about $29,000. Vega Investment Solutions purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after acquiring an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the transaction, the insider now owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director now directly owns 10,681 shares in the company, valued at $1,165,083.48. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Down 5.9%

DECK stock opened at $101.38 on Friday. The stock has a market capitalization 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 52-week low of $93.72 and a 52-week high of $223.98. The stock's fifty day simple moving average is $112.42 and its 200-day simple moving average is $150.28.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. The company had revenue of $1.02 billion during 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, analysts anticipate 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 buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Securities upped their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company decreased their target price on shares of Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Friday, May 23rd. Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Finally, Citigroup decreased their price target on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. Fourteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $134.68.

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.

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