Vident Investment Advisory LLC boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 40.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,062 shares of the textile maker’s stock after acquiring an additional 4,339 shares during the quarter. Vident Investment Advisory LLC owned 0.06% of Deckers Outdoor worth $4,123,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. UMB Bank N A MO purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $36,000. Endurance Wealth Management Inc. purchased a new stake in shares of Deckers Outdoor in the 1st quarter worth $27,000. Allworth Financial LP lifted its holdings in shares of Deckers Outdoor by 15,500.0% in the 1st quarter. Allworth Financial LP now owns 156 shares of the textile maker’s stock worth $43,000 after buying an additional 155 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Deckers Outdoor in the 1st quarter worth $43,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Deckers Outdoor by 187.1% in the 1st quarter. Quadrant Capital Group LLC now owns 178 shares of the textile maker’s stock worth $49,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 97.45% of the company’s stock.
Deckers Outdoor Price Performance
Shares of NYSE:DECK opened at $348.70 on Monday. The business’s 50-day moving average is $306.96 and its 200 day moving average is $279.16. Deckers Outdoor Co. has a 1 year low of $212.93 and a 1 year high of $451.49. The firm has a market capitalization of $9.25 billion, a P/E ratio of 21.46 and a beta of 0.90.
Deckers Outdoor declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 28th that permits the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization permits the textile maker to repurchase up to 14.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
DECK has been the subject of several research reports. Jefferies Financial Group cut Deckers Outdoor from a “buy” rating to a “hold” rating and lowered their target price for the stock from $350.00 to $300.00 in a report on Monday, August 1st. Telsey Advisory Group decreased their price objective on Deckers Outdoor from $450.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, May 20th. Robert W. Baird restated an “outperform” rating and set a $375.00 price objective on shares of Deckers Outdoor in a research note on Tuesday, August 2nd. TheStreet upgraded Deckers Outdoor from a “c+” rating to a “b” rating in a research note on Friday, August 12th. Finally, UBS Group upped their price objective on Deckers Outdoor from $378.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $383.00.
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. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.
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