Victory Capital Management Inc. Acquires 56,641 Shares of Deckers Outdoor Corporation (NYSE:DECK)

Victory Capital Management Inc. lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 83.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,424 shares of the textile maker's stock after acquiring an additional 56,641 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Deckers Outdoor worth $13,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. HighPoint Advisor Group LLC lifted its stake in shares of Deckers Outdoor by 5.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,623 shares of the textile maker's stock valued at $330,000 after buying an additional 81 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Deckers Outdoor by 4.6% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker's stock valued at $386,000 after acquiring an additional 84 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Deckers Outdoor by 1.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,896 shares of the textile maker's stock valued at $1,016,000 after acquiring an additional 90 shares during the last quarter. Alcosta Capital Management Inc. increased its holdings in Deckers Outdoor by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 33,787 shares of the textile maker's stock valued at $6,862,000 after acquiring an additional 90 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its holdings in shares of Deckers Outdoor by 2.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 3,654 shares of the textile maker's stock worth $747,000 after buying an additional 98 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Up 11.1%

Shares of NYSE:DECK traded up $11.69 during midday trading on Friday, hitting $116.63. The company had a trading volume of 15,340,205 shares, compared to its average volume of 3,644,249. The firm has a fifty day simple moving average of $106.21 and a 200 day simple moving average of $129.20. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 7.67 and a beta of 0.99. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million during the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.42%. The business's revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $4.52 earnings per share. Equities analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has authorized a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a report on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday. Telsey Advisory Group reiterated a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a research note on Friday. Finally, TD Securities boosted their price objective on shares of Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $137.50.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis acquired 1,825 shares of Deckers Outdoor stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the purchase, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director owned 10,681 shares of the company's stock, valued at $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. Insiders own 0.40% of the company's stock.

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.