4,410 Shares in Deckers Outdoor Corporation (NYSE:DECK) Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,410 shares of the textile maker's stock, valued at approximately $493,000.

A number of other hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $247,000. Private Advisor Group LLC lifted its holdings in Deckers Outdoor by 9.4% in the fourth quarter. Private Advisor Group LLC now owns 6,043 shares of the textile maker's stock valued at $1,227,000 after acquiring an additional 518 shares during the last quarter. Sigma Planning Corp purchased a new position in Deckers Outdoor in the fourth quarter worth approximately $294,000. MONECO Advisors LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth $234,000. Finally, Crestwood Advisors Group LLC raised its position in Deckers Outdoor by 4.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock valued at $629,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director now owns 10,681 shares in the company, valued at approximately $1,165,083.48. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the sale, the insider now owns 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

DECK traded down $1.05 during midday trading on Wednesday, reaching $101.17. 2,110,929 shares of the company's stock were exchanged, compared to its average volume of 2,610,011. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The stock has a market capitalization of $15.12 billion, a PE ratio of 15.95, a P/E/G ratio of 6.10 and a beta of 1.02. The business's 50-day moving average price is $111.40 and its 200 day moving average price is $145.53.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted 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. The firm 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 was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, analysts expect that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

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

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. Evercore ISI reiterated an "in-line" rating and set a $110.00 price target (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. Bank of America cut their target price on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Robert W. Baird reduced their target price on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company dropped their price target on shares of Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Friday, May 23rd. Finally, Stifel Nicolaus reduced their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Fourteen equities 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 company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of "Hold" and a consensus price target 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.