Polianta Ltd Buys Shares of 8,900 Deckers Outdoor Co. (NYSE:DECK)

Polianta Ltd bought a new stake in Deckers Outdoor Co. (NYSE:DECK) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 8,900 shares of the textile maker’s stock, valued at approximately $995,000.

Other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in Deckers Outdoor during the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings 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 valued at $34,000 after acquiring an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $41,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s 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 now owns 10,681 shares of the company’s stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 6,244 shares of the company’s 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 directly owns 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent research reports. TD Securities lifted their price objective on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Wells Fargo & Company decreased their price objective on Deckers Outdoor from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, May 23rd. Bank of America dropped their price objective on shares of Deckers Outdoor from $154.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus dropped their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Finally, Cowen restated a “buy” rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. Thirteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $134.68.

Deckers Outdoor Price Performance

DECK stock opened at $107.65 on Friday. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a market capitalization of $16.09 billion, a PE ratio of 17.45, a P/E/G ratio of 1.68 and a beta of 1.02. The company’s 50 day simple moving average is $112.43 and its 200-day simple moving average is $151.21.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its Board of Directors has authorized a share buyback plan on Thursday, May 22nd that permits the company to repurchase $2.25 billion in outstanding 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 typically a sign that the company’s management believes its shares are undervalued.

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.