BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Deckers Outdoor Corporation $DECK

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 108.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 241,965 shares of the textile maker’s stock after acquiring an additional 126,117 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.16% of Deckers Outdoor worth $27,054,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Financial Advisors Network Inc. acquired a new position in Deckers Outdoor in the first quarter worth about $258,000. Wellington Management Group LLP boosted its stake in Deckers Outdoor by 15.8% in the first quarter. Wellington Management Group LLP now owns 1,273,666 shares of the textile maker’s stock valued at $142,409,000 after acquiring an additional 173,430 shares during the period. Korea Investment CORP boosted its stake in Deckers Outdoor by 104.5% in the first quarter. Korea Investment CORP now owns 322,989 shares of the textile maker’s stock valued at $36,113,000 after acquiring an additional 165,029 shares during the period. Aptus Capital Advisors LLC boosted its stake in Deckers Outdoor by 1,170.1% in the first quarter. Aptus Capital Advisors LLC now owns 13,997 shares of the textile maker’s stock valued at $1,565,000 after acquiring an additional 12,895 shares during the period. Finally, Northern Trust Corp boosted its stake in Deckers Outdoor by 6.2% in the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after acquiring an additional 98,856 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DECK has been the subject of several analyst reports. Argus initiated coverage on Deckers Outdoor in a research report on Friday, June 13th. They set a “hold” rating for the company. Barclays upped their price target on Deckers Outdoor from $128.00 to $134.00 and gave the company an “overweight” rating in a report on Friday, July 25th. KeyCorp reaffirmed a “sector weight” rating and issued a $150.00 price target on shares of Deckers Outdoor in a report on Friday, May 23rd. The Goldman Sachs Group lowered their price objective on shares of Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, July 22nd. Finally, KGI Securities upgraded shares of Deckers Outdoor to a “hold” rating in a report on Monday, May 26th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $137.50.

Deckers Outdoor Trading Up 2.6%

DECK stock opened at $105.59 on Tuesday. The firm has a 50 day moving average of $104.37 and a 200-day moving average of $116.92. Deckers Outdoor Corporation has a 12 month low of $93.72 and a 12 month high of $223.98. The firm has a market capitalization of $15.66 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 3.91 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor’s quarterly 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. Sell-side analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in shares. This buyback authorization authorizes the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Deckers Outdoor

In other news, insider Angela Ogbechie sold 6,244 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider owned 19,980 shares in the company, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction 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 sale, the director owned 10,681 shares in the company, valued at approximately $1,165,083.48. This trade represents a 2.73% decrease in their position. 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.