TrueWealth Advisors LLC Invests $306,000 in Deckers Outdoor Co. (NYSE:DECK)

TrueWealth Advisors LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,733 shares of the textile maker's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Mpwm Advisory Solutions LLC acquired a new position in Deckers Outdoor in the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Deckers Outdoor in the fourth quarter worth about $29,000. Vega Investment Solutions acquired a new position in Deckers Outdoor in the fourth quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. grew its stake in Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Deckers Outdoor in the fourth quarter worth about $41,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total transaction of $32,724.00. Following the transaction, the director now directly owns 10,681 shares in the company, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor 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 transaction, the insider now 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 owned by corporate insiders.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded up $0.97 during midday trading on Friday, hitting $109.29. 3,148,158 shares of the company's stock were exchanged, compared to its average volume of 2,589,209. The stock's 50 day moving average price is $112.31 and its 200-day moving average price is $152.99. The firm has a market cap of $16.33 billion, a P/E ratio of 17.72, a PEG ratio of 1.68 and a beta of 1.02. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Deckers Outdoor Co. will post 5.89 EPS 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 repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Raymond James reiterated a "strong-buy" rating on shares of Deckers Outdoor in a research note on Friday, May 23rd. Needham & Company LLC set a $150.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Telsey Advisory Group downgraded Deckers Outdoor from an "outperform" rating to a "market perform" rating in a research note on Friday, May 23rd. Finally, Evercore ISI reiterated an "in-line" rating and issued a $110.00 price target (down from $235.00) on shares of Deckers Outdoor in a research note on Friday, May 23rd. Thirteen equities research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.68.

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.