Vega Investment Solutions Purchases New Holdings in Deckers Outdoor Co. (NYSE:DECK)

Vega Investment Solutions purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144 shares of the textile maker’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $31,000. Whittier Trust Co. of Nevada Inc. raised its stake in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cowen restated a “buy” rating on shares of Deckers Outdoor in a research note on Tuesday. TD Securities upped their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC set a $150.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.79.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Up 2.7%

DECK opened at $126.74 on Friday. The firm has a market cap of $19.24 billion, a PE ratio of 20.55, a P/E/G ratio of 1.68 and a beta of 1.11. The business has a fifty day simple moving average of $114.83 and a 200-day simple moving average of $158.54. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.45. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Deckers Outdoor announced that its board has initiated a share repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.