11,031 Shares in Deckers Outdoor Corporation (NYSE:DECK) Acquired by Tower View Wealth Management LLC

Tower View Wealth Management LLC acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,031 shares of the textile maker's stock, valued at approximately $1,233,000.

Several other institutional investors have also recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 worth $34,000 after acquiring an additional 120 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider now owns 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cindy L. Davis bought 1,825 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the transaction, the director now directly owns 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 28th. KeyCorp reiterated a "sector weight" rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 23rd. UBS Group set a $169.00 price objective on shares of Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Evercore ISI reiterated an "in-line" rating and issued a $110.00 price objective (down previously from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. Finally, Argus began coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They issued a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Hold" and an average target price of $134.68.

Deckers Outdoor Price Performance

DECK stock traded up $0.80 during mid-day trading on Friday, hitting $101.80. 3,528,799 shares of the stock were exchanged, compared to its average volume of 2,612,008. The business has a fifty day moving average price of $111.58 and a 200 day moving average price of $147.30. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 6.13 and a beta of 1.02.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Deckers Outdoor's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board 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.