Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 1,055.8% in the fourth quarter, Holdings Channel reports. The firm owned 15,256 shares of the textile maker’s stock after purchasing an additional 13,936 shares during the period. Advisory Services Network LLC’s holdings in Deckers Outdoor were worth $3,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Applied Finance Capital Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $679,000. Shelton Capital Management purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $3,352,000. Krane Funds Advisors LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $289,000. Polymer Capital Management US LLC purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $226,000. Finally, Cerity Partners LLC lifted its stake in Deckers Outdoor by 3.8% during the 4th quarter. Cerity Partners LLC now owns 25,034 shares of the textile maker’s stock valued at $4,870,000 after acquiring an additional 915 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $109.61 on Friday. The stock’s 50 day simple moving average is $131.60 and its 200-day simple moving average is $167.76. The company has a market cap of $16.64 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a report on Thursday. Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $235.00 to $150.00 in a research note on Thursday. Bank of America upped their target price on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.55.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value 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 can be accessed through this link. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.