US Bancorp DE Has $2.25 Million Holdings in Deckers Outdoor Corporation (NYSE:DECK)

US Bancorp DE reduced its position in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,103 shares of the textile maker's stock after selling 6,882 shares during the quarter. US Bancorp DE's holdings in Deckers Outdoor were worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Mpwm Advisory Solutions LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth about $26,000. Headlands Technologies LLC bought 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 valued at approximately $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Deckers Outdoor during the first quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $41,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Stock Down 0.3%

Deckers Outdoor stock traded down $0.30 during midday trading on Friday, hitting $101.59. The company's stock had a trading volume of 2,253,155 shares, compared to its average volume of 3,450,132. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The stock's 50-day moving average price is $104.81 and its 200-day moving average price is $122.73. The company has a market capitalization of $15.07 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 4.03 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same period in the previous year, the firm earned $4.52 EPS. The business's revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has approved a stock buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Securities raised their price target on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Stifel Nicolaus dropped their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Barclays boosted their price target on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Bank of America dropped their price objective on shares of Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, KGI Securities upgraded shares of Deckers Outdoor to a "hold" rating in a research report on Monday, May 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of "Hold" and an average price target of $137.50.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction 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 sale, the insider directly owned 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 legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated 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 transaction, the director directly owned 10,681 shares in the company, valued at $1,165,083.48. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.