Strategy Asset Managers LLC Sells 36 Shares of Deckers Outdoor Co. (NYSE:DECK)

Strategy Asset Managers LLC lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 732 shares of the textile maker’s stock after selling 36 shares during the quarter. Strategy Asset Managers LLC’s holdings in Deckers Outdoor were worth $242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Deckers Outdoor by 42.7% during the 4th quarter. FMR LLC now owns 4,212,598 shares of the textile maker’s stock worth $1,208,089,000 after purchasing an additional 1,259,683 shares in the last quarter. D1 Capital Partners L.P. bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $204,761,000. Norges Bank bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $96,912,000. Alliancebernstein L.P. boosted its position in shares of Deckers Outdoor by 34.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,042,165 shares of the textile maker’s stock worth $298,872,000 after purchasing an additional 267,631 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Deckers Outdoor by 2,078.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 269,813 shares of the textile maker’s stock worth $77,377,000 after purchasing an additional 257,429 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of DECK stock opened at $325.00 on Friday. The business’s 50 day moving average is $335.14. Deckers Outdoor Co. has a 12-month low of $184.21 and a 12-month high of $353.71. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.28 and a beta of 0.79.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Wednesday, May 19th. The textile maker reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.60. Deckers Outdoor had a net margin of 15.03% and a return on equity of 28.64%. The company had revenue of $561.20 million during the quarter, compared to analyst estimates of $434.41 million. During the same quarter last year, the business posted $0.57 EPS. Deckers Outdoor’s quarterly revenue was up 49.7% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 14.86 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a stock buyback plan on Thursday, May 20th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the textile maker to repurchase up to 8.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, COO David E. Lafitte sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $339.93, for a total value of $169,965.00. Following the completion of the transaction, the chief operating officer now directly owns 27,682 shares of the company’s stock, valued at approximately $9,409,942.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.33% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, May 21st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating and set a $363.00 price target on the stock. in a research report on Tuesday, May 4th. Telsey Advisory Group raised their price target on shares of Deckers Outdoor from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, May 17th. Pivotal Research raised their price target on shares of Deckers Outdoor from $365.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, May 17th. Finally, BTIG Research raised their price target on shares of Deckers Outdoor from $420.00 to $447.00 and gave the company a “buy” rating in a research report on Wednesday, May 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Deckers Outdoor presently has an average rating of “Buy” and a consensus price target of $369.53.

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. It offers premium footwear, apparel, and accessories under the UGG brand name; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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