Northstar Group Inc. Has $538,000 Holdings in Deckers Outdoor Co. (NYSE:DECK)

Northstar Group Inc. lifted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 122.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,813 shares of the textile maker's stock after acquiring an additional 2,647 shares during the period. Northstar Group Inc.'s holdings in Deckers Outdoor were worth $538,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter worth about $392,583,000. Raymond James Financial Inc. acquired a new stake in Deckers Outdoor during the fourth quarter worth about $185,451,000. Jacobs Levy Equity Management Inc. grew its stake in Deckers Outdoor by 204.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Deckers Outdoor by 101.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker's stock worth $203,850,000 after buying an additional 505,139 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Deckers Outdoor by 507.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after buying an additional 495,364 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DECK. Argus began coverage on shares of Deckers Outdoor in a research note on Friday. They set a "hold" rating on the stock. Robert W. Baird reduced their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. UBS Group set a $169.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Raymond James restated a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, KeyCorp restated a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a research note on Friday, May 23rd. Fourteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and an average target price of $134.68.

Insiders Place Their Bets

In other news, Director Cindy L. Davis purchased 1,825 shares of the 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 acquisition, the director now owns 13,340 shares in the company, valued at $1,464,198.40. This trade represents a 15.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the transaction, the insider now 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. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $101.38 on Monday. The company has a 50 day simple moving average of $112.42 and a 200 day simple moving average of $149.99. The firm has a market cap of $15.15 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data 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. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.82 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has approved a stock repurchase program 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 programs are often an indication that the company's leadership believes its stock is undervalued.

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.

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