Impact Partnership Wealth LLC Invests $433,000 in Deckers Outdoor Corporation (NYSE:DECK)

Impact Partnership Wealth LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,873 shares of the textile maker's stock, valued at approximately $433,000.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter worth $247,000. Commonwealth Equity Services LLC grew its holdings in shares of Deckers Outdoor by 17.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,120 shares of the textile maker's stock worth $1,852,000 after purchasing an additional 1,346 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Deckers Outdoor by 7.3% during the 4th quarter. Corient Private Wealth LLC now owns 17,796 shares of the textile maker's stock worth $3,614,000 after purchasing an additional 1,206 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Deckers Outdoor by 60.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 103,305 shares of the textile maker's stock worth $20,980,000 after purchasing an additional 38,785 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 250.0% during the 4th 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 during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.1%

DECK stock traded up $0.16 during trading on Tuesday, reaching $105.26. 1,475,780 shares of the company's stock were exchanged, compared to its average volume of 2,708,689. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The company's fifty day moving average price is $107.73 and its 200-day moving average price is $131.40. The firm has a market cap of $15.73 billion, a PE ratio of 16.60, a P/E/G ratio of 6.69 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. Deckers Outdoor's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has approved a share 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 a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated 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 owned 10,681 shares in the company, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cindy L. Davis purchased 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of $109.76 per share, with a total value of $200,312.00. Following the purchase, the director owned 13,340 shares in the company, valued at $1,464,198.40. This represents a 15.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent research reports. Bank of America decreased their price objective on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday. Piper Sandler cut their target price on Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group cut their target price on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Hold" and a consensus price target of $134.03.

About Deckers Outdoor

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.