Pittenger & Anderson Inc. Has $65,000 Stock Position in Deckers Outdoor Corporation (NYSE:DECK)

Pittenger & Anderson Inc. reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 95.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 582 shares of the textile maker's stock after selling 11,635 shares during the period. Pittenger & Anderson Inc.'s holdings in Deckers Outdoor were worth $65,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $247,000. HighTower Advisors LLC raised its position in Deckers Outdoor by 13.7% in the fourth quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker's stock worth $11,429,000 after purchasing an additional 6,788 shares in the last quarter. PFG Advisors acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $354,000. Sequoia Financial Advisors LLC increased its holdings in shares of Deckers Outdoor by 43.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,276 shares of the textile maker's stock worth $868,000 after buying an additional 1,291 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Deckers Outdoor by 17.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,410 shares of the textile maker's stock worth $489,000 after buying an additional 358 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price objective on shares of Deckers Outdoor in a report on Friday, May 23rd. Argus initiated coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating on the stock. UBS Group decreased their price target on shares of Deckers Outdoor from $169.00 to $144.00 and set a "buy" rating on the stock in a research note on Thursday. Piper Sandler decreased their price target on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Barclays reissued an "overweight" rating and set a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $135.61.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction 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 sale, the director directly owned 10,681 shares of the company's stock, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider owned 19,980 shares in the company, valued at $2,075,722.20. The trade was a 23.81% 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 insiders.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $3.33 during midday trading on Thursday, reaching $101.21. 4,533,853 shares of the stock were exchanged, compared to its average volume of 2,695,424. The business has a 50-day simple moving average of $108.53 and a two-hundred day simple moving average of $133.80. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 5.95 and a beta of 0.99. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

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