Peak Financial Advisors LLC Makes New $2.48 Million Investment in Deckers Outdoor Co. (NYSE:DECK)

Peak Financial Advisors LLC purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,142 shares of the textile maker's stock, valued at approximately $2,476,000.

A number of other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in Deckers Outdoor in the 4th quarter worth approximately $29,000. Vega Investment Solutions purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during 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 purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $41,000. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 6,244 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were 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 in the company, 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 this link. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Bank of America reduced their price target on Deckers Outdoor from $154.00 to $128.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target 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. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.68.

Deckers Outdoor Price Performance

NYSE:DECK traded up $1.14 during mid-day trading on Friday, reaching $109.46. The stock had a trading volume of 1,687,411 shares, compared to its average volume of 2,575,287. The stock has a 50-day simple moving average of $112.40 and a two-hundred day simple moving average of $153.81. The stock has a market capitalization of $16.36 billion, a PE ratio of 17.77, a P/E/G ratio of 1.68 and a beta of 1.11. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

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 return on equity of 41.71% and a net margin of 19.14%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the prior year, the company earned $0.82 EPS. Deckers Outdoor's revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Deckers Outdoor announced that its board has authorized a share buyback program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.