Highland Capital Management LLC Invests $228,000 in Deckers Outdoor Co. (NYSE:DECK)

Highland Capital Management LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 341 shares of the textile maker’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. PFG Investments LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $208,000. Cadent Capital Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $249,000. Artemis Investment Management LLP purchased a new position in Deckers Outdoor in the fourth quarter worth $382,000. Pacer Advisors Inc. raised its position in Deckers Outdoor by 23.7% during the fourth quarter. Pacer Advisors Inc. now owns 5,174 shares of the textile maker’s stock valued at $3,458,000 after purchasing an additional 991 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research reports. KeyCorp started coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective for the company. Wells Fargo & Company boosted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. BTIG Research raised their price target on Deckers Outdoor from $650.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Wedbush lifted their price target on Deckers Outdoor from $895.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Citigroup lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and increased their price objective for the company from $665.00 to $710.00 in a research note on Friday, December 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $862.36.

Deckers Outdoor Stock Performance

DECK stock opened at $937.90 on Thursday. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The business’s 50 day moving average price is $860.77 and its two-hundred day moving average price is $696.35. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.48 EPS. Sell-side analysts forecast that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lauri M. Shanahan sold 3,672 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the sale, the director now directly owns 4,515 shares of the company’s stock, valued at approximately $3,757,473.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Powers sold 17,978 shares of Deckers Outdoor stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The disclosure for this sale can be found here. Insiders have sold 42,449 shares of company stock valued at $34,172,388 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

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.