Savant Capital LLC Buys New Stake in Deckers Outdoor Co. (NYSE:DECK)

Savant Capital LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 545 shares of the textile maker’s stock, valued at approximately $364,000.

Other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in Deckers Outdoor by 12.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after purchasing an additional 600 shares during the last quarter. Intrust Bank NA raised its position in shares of Deckers Outdoor by 1.3% during the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after buying an additional 38 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $970,000. Advisors Preferred LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $2,271,000. Finally, Marks Group Wealth Management Inc bought a new position in Deckers Outdoor during the fourth quarter valued at about $6,185,000. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $90,640,481.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $90,640,481.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bonita C. Stewart sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the sale, the director now owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent research reports. KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective on the stock. Truist Financial restated a “hold” rating and issued a $864.00 price objective (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Barclays initiated coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 target price on the stock. Wedbush restated an “outperform” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, TD Cowen upped their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Price Performance

DECK stock opened at $842.34 on Monday. The company has a 50 day moving average price of $878.19 and a 200 day moving average price of $761.39. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The stock has a market capitalization of $21.62 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.48 earnings per share. As a group, equities analysts expect that Deckers Outdoor Co. will post 26.89 earnings per share 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.