Level Four Advisory Services LLC Sells 1,168 Shares of Deckers Outdoor Co. (NYSE:DECK)

Level Four Advisory Services LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 57.0% during the first quarter, Holdings Channel reports. The fund owned 881 shares of the textile maker’s stock after selling 1,168 shares during the period. Level Four Advisory Services LLC’s holdings in Deckers Outdoor were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DECK. CIBC Asset Management Inc lifted its position in Deckers Outdoor by 3.6% during the 1st quarter. CIBC Asset Management Inc now owns 728 shares of the textile maker’s stock worth $327,000 after buying an additional 25 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Deckers Outdoor by 2.8% during the first quarter. Alliance Wealth Advisors LLC UT now owns 978 shares of the textile maker’s stock valued at $440,000 after purchasing an additional 27 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Deckers Outdoor by 1.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,807 shares of the textile maker’s stock valued at $812,000 after buying an additional 33 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Deckers Outdoor by 10.6% in the 1st quarter. Stephens Inc. AR now owns 355 shares of the textile maker’s stock valued at $160,000 after buying an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Deckers Outdoor by 100.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock worth $32,000 after purchasing an additional 36 shares during the last quarter. 95.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DECK. Citigroup boosted their price target on shares of Deckers Outdoor from $515.00 to $665.00 and gave the company a “buy” rating in a report on Friday, July 21st. BTIG Research increased their price objective on shares of Deckers Outdoor from $613.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $425.00 to $480.00 in a research note on Friday, May 26th. Stifel Nicolaus increased their price target on Deckers Outdoor from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Wedbush upped their price target on shares of Deckers Outdoor from $505.00 to $614.00 in a research note on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $577.64.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 3,595 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $516.73, for a total value of $1,857,644.35. Following the completion of the sale, the insider now owns 16,457 shares in the company, valued at $8,503,825.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $522.88 on Monday. Deckers Outdoor Co. has a 52-week low of $298.61 and a 52-week high of $568.47. The business’s fifty day moving average is $542.37 and its 200 day moving average is $496.99. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.34 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.25. The firm had revenue of $675.79 million for the quarter, compared to the consensus estimate of $666.95 million. Deckers Outdoor had a net margin of 14.33% and a return on equity of 30.85%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 earnings per share. Equities analysts predict that Deckers Outdoor Co. will post 22.4 EPS for the current fiscal year.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.