Polianta Ltd Invests $995,000 in Deckers Outdoor Co. (NYSE:DECK)

Polianta Ltd acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,900 shares of the textile maker's stock, valued at approximately $995,000.

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

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. Robert W. Baird dropped their price target on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Piper Sandler dropped their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. TD Securities upped their target price on Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. KeyCorp reaffirmed a "sector weight" rating and set a $150.00 price target on shares of Deckers Outdoor in a research report on Friday, May 23rd. Finally, Telsey Advisory Group cut Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research report 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $134.68.

Deckers Outdoor Trading Down 5.9%

Deckers Outdoor stock traded down $6.32 during trading hours on Friday, hitting $101.38. 3,316,054 shares of the stock traded hands, compared to its average volume of 2,601,997. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The firm's 50-day moving average price is $112.42 and its two-hundred day moving average price is $150.57. The company has a market cap of $15.15 billion, a PE ratio of 16.44, a PEG ratio of 1.68 and a beta of 1.02.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.43. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. On average, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has approved a share buyback 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Deckers Outdoor

In related news, 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 completion of the transaction, the insider now owns 19,980 shares of the company's stock, valued at $2,075,722.20. This trade represents a 23.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, June 6th. The stock was 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 directly owns 10,681 shares in the company, valued at approximately $1,165,083.48. This represents a 2.73% 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 corporate insiders.

About Deckers Outdoor

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.