18,109 Shares in Deckers Outdoor Co. (NYSE:DECK) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,109 shares of the textile maker's stock, valued at approximately $3,678,000.

Other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $29,000. Vega Investment Solutions purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $41,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DECK. UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a report on Friday, May 23rd. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. TD Securities raised their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Bank of America dropped their price target on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Thirteen research analysts have rated the stock with a hold rating, ten 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 an average rating of "Moderate Buy" and a consensus price target of $134.68.

Deckers Outdoor Trading Down 1.6%

NYSE DECK traded down $1.70 on Friday, reaching $105.57. 4,410,632 shares of the stock were exchanged, compared to its average volume of 2,554,723. The firm has a market capitalization of $16.02 billion, a PE ratio of 17.11, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The company's 50-day simple moving average is $113.07 and its two-hundred day simple moving average is $155.60.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. Sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire 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 stock is 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.