Sequoia Financial Advisors LLC Has $406,000 Stock Holdings in Deckers Outdoor Corporation (NYSE:DECK)

Sequoia Financial Advisors LLC decreased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,634 shares of the textile maker’s stock after selling 642 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Deckers Outdoor were worth $406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $29,000. Vega Investment Solutions bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $41,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DECK shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Deckers Outdoor in a report on Friday, May 23rd. KeyCorp reissued a “sector weight” rating and issued a $150.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 23rd. Telsey Advisory Group lowered shares of Deckers Outdoor from an “outperform” rating to a “market perform” rating in a research note on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of Deckers Outdoor from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, May 23rd. Finally, Citigroup dropped their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus price target of $137.66.

Insider Activity

In other news, insider Angela Ogbechie sold 6,244 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the transaction, the insider owned 19,980 shares of the company’s stock, valued at approximately $2,075,722.20. The trade was a 23.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $109.08, for a total value of $32,724.00. Following the sale, the director owned 10,681 shares of the company’s stock, valued at approximately $1,165,083.48. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 0.9%

Shares of Deckers Outdoor stock opened at $106.38 on Thursday. Deckers Outdoor Corporation has a 12-month low of $93.72 and a 12-month high of $223.98. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 6.40 and a beta of 0.99. The firm’s 50-day moving average price is $111.22 and its two-hundred day moving average price is $141.79.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 11.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.