MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Grows Stock Position in Deckers Outdoor Corporation (NYSE:DECK)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 630.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,606 shares of the textile maker's stock after purchasing an additional 86,841 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.07% of Deckers Outdoor worth $11,249,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $26,000. Headlands Technologies LLC bought 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 in the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. grew its stake in 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 worth $34,000 after acquiring an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $41,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the subject of several research analyst reports. KGI Securities raised shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Bank of America lowered their target price on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. 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 report on Friday, May 23rd. Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Barclays reiterated an "overweight" rating and set a $128.00 target price (down from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Fourteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $134.68.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the transaction, the insider now directly owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director now owns 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Down 1.7%

Shares of NYSE DECK traded down $1.71 during trading hours on Wednesday, hitting $100.90. 2,687,731 shares of the stock were exchanged, compared to its average volume of 2,606,698. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a fifty day moving average price of $112.20 and a 200-day moving average price of $149.02. The company has a market cap of $15.08 billion, a PE ratio of 15.91, a PEG ratio of 6.29 and a beta of 1.02.

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 the consensus estimate 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%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has approved a stock repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.