Deckers Outdoor Corporation (NYSE:DECK) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 29.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 904,712 shares of the textile maker's stock after acquiring an additional 206,316 shares during the period. Robeco Institutional Asset Management B.V. owned 0.60% of Deckers Outdoor worth $101,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DECK. Aurora Private Wealth Inc. boosted its holdings in Deckers Outdoor by 30.0% during the first quarter. Aurora Private Wealth Inc. now owns 2,535 shares of the textile maker's stock valued at $283,000 after acquiring an additional 585 shares during the period. Mattern Capital Management LLC boosted its stake in shares of Deckers Outdoor by 1.9% in the 1st quarter. Mattern Capital Management LLC now owns 15,803 shares of the textile maker's stock valued at $1,767,000 after purchasing an additional 294 shares in the last quarter. Lecap Asset Management Ltd. increased its holdings in shares of Deckers Outdoor by 159.2% during the first quarter. Lecap Asset Management Ltd. now owns 18,760 shares of the textile maker's stock worth $2,098,000 after buying an additional 11,522 shares in the last quarter. Moran Wealth Management LLC increased its holdings in Deckers Outdoor by 0.4% during the 1st quarter. Moran Wealth Management LLC now owns 66,808 shares of the textile maker's stock valued at $7,470,000 after purchasing an additional 290 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its holdings in shares of Deckers Outdoor by 20.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 123,990 shares of the textile maker's stock valued at $13,863,000 after buying an additional 20,810 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 10,681 shares of the company's stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor stock in a transaction that occurred 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 transaction, the insider now directly owns 19,980 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays restated an "overweight" rating and issued a $128.00 price target (down from $129.00) on shares of Deckers Outdoor in a research report on Thursday, May 22nd. UBS Group set a $169.00 price target on Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Citigroup decreased their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Needham & Company LLC set a $150.00 price target on shares of Deckers Outdoor and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $160.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $140.31.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $0.90 during mid-day trading on Thursday, reaching $101.94. The company's stock had a trading volume of 2,695,575 shares, compared to its average volume of 2,615,089. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a fifty day moving average of $111.36 and a two-hundred day moving average of $145.22. The firm has a market capitalization of $15.23 billion, a PE ratio of 16.07, a P/E/G ratio of 6.21 and a beta of 1.02.

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

Deckers Outdoor announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are 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.