Van ECK Associates Corp Acquires 313 Shares of Deckers Outdoor Co. (NYSE:DECK)

Van ECK Associates Corp boosted its holdings in Deckers Outdoor Co. (NYSE:DECK) by 7.0% in the first quarter, HoldingsChannel reports. The firm owned 4,814 shares of the textile maker’s stock after purchasing an additional 313 shares during the period. Van ECK Associates Corp’s holdings in Deckers Outdoor were worth $4,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DECK. CIBC Private Wealth Group LLC boosted its position in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after buying an additional 15 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after buying an additional 16 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Deckers Outdoor by 18.5% during the fourth quarter. First Horizon Advisors Inc. now owns 179 shares of the textile maker’s stock valued at $120,000 after buying an additional 28 shares during the last quarter. Dfpg Investments LLC boosted its position in Deckers Outdoor by 3.9% in the fourth quarter. Dfpg Investments LLC now owns 847 shares of the textile maker’s stock worth $575,000 after purchasing an additional 32 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Deckers Outdoor by 27.1% in the fourth quarter. Lindbrook Capital LLC now owns 150 shares of the textile maker’s stock worth $100,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Telsey Advisory Group boosted their price objective on Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 28th. Robert W. Baird boosted their price objective on Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. TD Cowen boosted their price objective on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Citigroup boosted their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, Barclays cut their price objective on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,023.44.

Insider Buying and Selling

In related news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the transaction, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Thomas Garcia sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the transaction, the insider now directly owns 11,654 shares in the company, valued at approximately $12,526,418.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Powers sold 10,955 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The disclosure for this sale can be found here. Insiders sold a total of 28,101 shares of company stock worth $28,858,562 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Up 0.4 %

Shares of NYSE:DECK traded up $3.63 during midday trading on Friday, reaching $939.32. 177,139 shares of the company traded hands, compared to its average volume of 396,286. Deckers Outdoor Co. has a 12 month low of $484.02 and a 12 month high of $1,106.89. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06. The firm’s fifty day moving average price is $958.25 and its two-hundred day moving average price is $866.71.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The company had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same period in the previous year, the company posted $3.46 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts forecast that Deckers Outdoor Co. will post 30.59 earnings per share for the current year.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.