Lecap Asset Management Ltd. Acquires 11,522 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Lecap Asset Management Ltd. raised its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 159.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,760 shares of the textile maker's stock after purchasing an additional 11,522 shares during the period. Lecap Asset Management Ltd.'s holdings in Deckers Outdoor were worth $2,098,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor during the fourth quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth about $29,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after purchasing an additional 120 shares during the period. Finally, Fourth Dimension Wealth LLC bought 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 institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DECK. Robert W. Baird dropped their price target on Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Bank of America lowered their price objective on shares of Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $128.00 target price (down previously from $129.00) on shares of Deckers Outdoor in a research report on Thursday, May 22nd. Evercore ISI restated an "in-line" rating and issued a $110.00 price target (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. Finally, Wells Fargo & Company decreased 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. Fourteen 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $134.68.

Deckers Outdoor Trading Up 1.7%

Shares of NYSE:DECK opened at $102.19 on Wednesday. The stock has a market cap of $15.27 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 6.10 and a beta of 1.02. The stock's fifty day simple moving average is $111.40 and its two-hundred day simple moving average is $145.53. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $0.82 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has initiated 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 purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the transaction, the insider now directly owns 19,980 shares of the company's stock, valued at $2,075,722.20. This represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cindy L. Davis purchased 1,825 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the acquisition, the director now directly owns 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.

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