Coyle Financial Counsel LLC Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

Coyle Financial Counsel LLC boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 500.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,862 shares of the textile maker’s stock after purchasing an additional 4,052 shares during the quarter. Coyle Financial Counsel LLC’s holdings in Deckers Outdoor were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $31,000. Solstein Capital LLC increased its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc boosted its position in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on DECK shares. KeyCorp increased their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Wells Fargo & Company dropped their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine 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, the company has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Performance

DECK opened at $139.98 on Tuesday. The stock has a market capitalization of $21.25 billion, a PE ratio of 22.69, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The business’s 50 day moving average price is $192.49 and its 200 day moving average price is $152.80.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.