Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Deckers Outdoor Corporation (NYSE:DECK – Free Report) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,699 shares of the textile maker’s stock after acquiring an additional 4,384 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Deckers Outdoor were worth $3,209,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of DECK. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Deckers Outdoor by 4.6% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,902 shares of the textile maker’s stock valued at $386,000 after buying an additional 84 shares in the last quarter. Horizon Investments LLC increased its position in shares of Deckers Outdoor by 4.6% in the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker’s stock valued at $244,000 after buying an additional 96 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of Deckers Outdoor by 0.4% in the first quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker’s stock valued at $3,130,000 after buying an additional 98 shares in the last quarter. Utah Retirement Systems increased its position in shares of Deckers Outdoor by 0.4% in the fourth quarter. Utah Retirement Systems now owns 25,136 shares of the textile maker’s stock valued at $5,105,000 after buying an additional 100 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Stock Up 0.5%
DECK opened at $104.5770 on Friday. The firm has a market cap of $15.51 billion, a P/E ratio of 16.04, a PEG ratio of 3.95 and a beta of 0.99. Deckers Outdoor Corporation has a 52 week low of $93.72 and a 52 week high of $223.98. The business’s fifty day simple moving average is $104.14 and its 200 day simple moving average is $116.30.
Deckers Outdoor announced that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other Deckers Outdoor news, Director Cindy L. Davis purchased 1,825 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, with a total value of $200,312.00. Following the purchase, the director owned 13,340 shares in the company, valued at approximately $1,464,198.40. This represents a 15.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 6,244 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was 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. The trade was a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on DECK. Telsey Advisory Group restated a “market perform” rating and issued a $120.00 price target on shares of Deckers Outdoor in a research report on Friday, July 25th. Truist Financial raised their price target on Deckers Outdoor from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 25th. UBS Group raised their price target on Deckers Outdoor from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, July 25th. KGI Securities upgraded Deckers Outdoor to a “hold” rating in a research report on Monday, May 26th. Finally, Cowen restated a “buy” rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $137.50.
Read Our Latest Analysis on DECK
About Deckers Outdoor
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.
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