Mirae Asset Global Investments Co. Ltd. Has $2.21 Million Stake in Deckers Outdoor Corporation (NYSE:DECK)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,805 shares of the textile maker's stock after buying an additional 3,028 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Deckers Outdoor were worth $2,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DECK. Mpwm Advisory Solutions LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $29,000. Vega Investment Solutions acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Down 0.5%

DECK stock traded down $0.48 during midday trading on Friday, reaching $105.78. 1,736,117 shares of the company's stock traded hands, compared to its average volume of 2,642,368. The company has a 50-day simple moving average of $111.12 and a two-hundred day simple moving average of $141.06. Deckers Outdoor Corporation has a 1-year low of $93.72 and a 1-year high of $223.98. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 6.45 and a beta of 0.99.

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 for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. The company had revenue of $1.02 billion during 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 last year, the company posted $0.82 earnings per share. Equities research analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in outstanding shares. This buyback authorization permits the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business'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 value of $32,724.00. Following the completion of the transaction, the director owned 10,681 shares in the company, valued at $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cindy L. Davis acquired 1,825 shares of the firm's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $109.76 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the director directly owned 13,340 shares in the company, valued at approximately $1,464,198.40. The trade was a 15.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

DECK has been the subject of several recent research reports. KeyCorp reaffirmed a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. Evercore ISI restated an "in-line" rating and issued a $110.00 target price (down from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Needham & Company LLC set a $150.00 price objective on shares of Deckers Outdoor and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $137.66.

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.