NBC Securities Inc. Buys 3,197 Shares of Deckers Outdoor Co. (NYSE:DECK)

NBC Securities Inc. increased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 106,566.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,200 shares of the textile maker's stock after purchasing an additional 3,197 shares during the quarter. NBC Securities Inc.'s holdings in Deckers Outdoor were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $247,000. DAVENPORT & Co LLC grew its stake in shares of Deckers Outdoor by 8.0% in the fourth quarter. DAVENPORT & Co LLC now owns 4,103 shares of the textile maker's stock worth $833,000 after purchasing an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Deckers Outdoor in the fourth quarter worth about $276,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Deckers Outdoor by 23.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,777 shares of the textile maker's stock worth $3,469,000 after purchasing an additional 3,152 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 0.9%

Shares of NYSE:DECK traded up $0.97 during trading on Friday, reaching $109.29. The company's stock had a trading volume of 3,148,158 shares, compared to its average volume of 2,589,209. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm's 50 day simple moving average is $112.31 and its two-hundred day simple moving average is $152.99. The stock has a market capitalization of $16.33 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02.

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

Deckers Outdoor announced that its board has authorized a stock buyback plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to buy up to 11.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on DECK shares. Telsey Advisory Group cut Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday, May 23rd. Wells Fargo & Company cut their price objective on Deckers Outdoor from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus cut their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird cut their price objective 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. Finally, KGI Securities raised Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. Thirteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.68.

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.