Y Intercept Hong Kong Ltd Invests $13.63 Million in Deckers Outdoor Corporation (NYSE:DECK)

Y Intercept Hong Kong Ltd bought a new position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 121,892 shares of the textile maker's stock, valued at approximately $13,629,000. Deckers Outdoor makes up 0.9% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 5th biggest holding. Y Intercept Hong Kong Ltd owned approximately 0.08% of Deckers Outdoor at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $247,000. Commonwealth Equity Services LLC grew its stake in Deckers Outdoor by 17.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,120 shares of the textile maker's stock valued at $1,852,000 after purchasing an additional 1,346 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Deckers Outdoor by 11.8% in the 4th quarter. TD Private Client Wealth LLC now owns 1,065 shares of the textile maker's stock worth $216,000 after acquiring an additional 112 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in shares of Deckers Outdoor by 45.7% in the 4th quarter. Mizuho Securities USA LLC now owns 14,399 shares of the textile maker's stock worth $2,924,000 after acquiring an additional 4,513 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 2.9%

Shares of DECK traded down $3.13 during trading hours on Thursday, reaching $104.96. The stock had a trading volume of 4,064,677 shares, compared to its average volume of 3,348,230. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The firm has a 50-day moving average of $106.87 and a 200 day moving average of $131.06. The company has a market cap of $15.69 billion, a P/E ratio of 16.55, a P/E/G ratio of 6.93 and a beta of 0.99.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.43. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Deckers Outdoor had a return on equity of 41.17% and a net margin of 19.49%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

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

Analyst Ratings Changes

DECK has been the topic of several recent analyst reports. Argus initiated coverage on Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating on the stock. TD Securities boosted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Evercore ISI restated an "in-line" rating and issued a $110.00 target price (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a report on Monday, May 26th. Finally, Raymond James Financial lowered their price target on Deckers Outdoor from $140.00 to $123.00 and set a "strong-buy" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $132.45.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $109.08, for a total transaction of $32,724.00. Following the sale, the director owned 10,681 shares of the company's stock, valued at $1,165,083.48. This trade represents a 2.73% 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 company 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.