Integrated Advisors Network LLC Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Integrated Advisors Network LLC acquired a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,141 shares of the textile maker's stock, valued at approximately $841,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock worth $273,000 after buying an additional 82 shares during the last quarter. Mutual Advisors LLC grew its holdings in Deckers Outdoor by 5.2% during the fourth quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker's stock valued at $478,000 after purchasing an additional 114 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Deckers Outdoor by 21.1% during the 4th quarter. RFG Advisory LLC now owns 2,114 shares of the textile maker's stock worth $429,000 after buying an additional 368 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Deckers Outdoor by 11.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,917 shares of the textile maker's stock worth $592,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DECK. Bank of America reduced their price target on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. UBS Group set a $169.00 target price on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Friday, May 23rd. Evercore ISI reissued an "in-line" rating and issued a $110.00 target price (down previously from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, Raymond James reissued a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.68.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company's stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Down 1.6%

Shares of DECK traded down $1.70 during trading hours on Friday, hitting $105.57. The company had a trading volume of 4,387,849 shares, compared to its average volume of 2,558,001. The business has a fifty day moving average of $113.41 and a 200-day moving average of $156.26. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

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, beating analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Deckers Outdoor's quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.