Orion Capital Management LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Orion Capital Management LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 600 shares of the textile maker’s stock, valued at approximately $122,000.

Several other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Deckers Outdoor by 10.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker’s stock worth $595,000 after purchasing an additional 270 shares during the last quarter. Merit Financial Group LLC bought a new position in Deckers Outdoor during the fourth quarter worth $281,000. HB Wealth Management LLC lifted its holdings in Deckers Outdoor by 5.4% in the fourth quarter. HB Wealth Management LLC now owns 6,962 shares of the textile maker’s stock valued at $1,414,000 after buying an additional 355 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at $294,000. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup decreased 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. Wells Fargo & Company raised their target price on Deckers Outdoor from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Raymond James upgraded shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Stifel Nicolaus cut their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America lifted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.79.

Deckers Outdoor Stock Up 1.3%

Shares of Deckers Outdoor stock opened at $129.12 on Wednesday. The business has a 50 day moving average price of $114.55 and a 200-day moving average price of $159.03. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The company has a market cap of $19.60 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.