Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 12.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,013 shares of the textile maker’s stock after purchasing an additional 222 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Deckers Outdoor were worth $629,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. grew its holdings in Deckers Outdoor by 154.8% in the third quarter. Ronald Blue Trust Inc. now owns 158 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 96 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the third quarter worth approximately $59,000. Brown Brothers Harriman & Co. grew its stake in Deckers Outdoor by 28.9% during the second quarter. Brown Brothers Harriman & Co. now owns 254 shares of the textile maker’s stock worth $65,000 after buying an additional 57 shares during the period. Stephens Inc. AR acquired a new position in shares of Deckers Outdoor during the third quarter worth $98,000. Finally, Fifth Third Bancorp lifted its position in shares of Deckers Outdoor by 7.7% during the third quarter. Fifth Third Bancorp now owns 407 shares of the textile maker’s stock worth $127,000 after purchasing an additional 29 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Deckers Outdoor
In related news, CFO Steven J. Fasching sold 1,000 shares of the stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $375.05, for a total value of $375,050.00. Following the completion of the transaction, the chief financial officer now owns 29,793 shares in the company, valued at approximately $11,173,864.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, CEO David Powers sold 35,957 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total value of $14,414,082.59. Following the completion of the sale, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at approximately $36,981,059.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 1,000 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $375.05, for a total transaction of $375,050.00. Following the completion of the sale, the chief financial officer now directly owns 29,793 shares of the company’s stock, valued at $11,173,864.65. The disclosure for this sale can be found here. Insiders sold 46,006 shares of company stock worth $18,371,390 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.
Deckers Outdoor Stock Performance
Deckers Outdoor (NYSE:DECK – Get Rating) last announced its earnings results on Thursday, February 2nd. The textile maker reported $10.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.41 by $1.07. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.26 billion. Deckers Outdoor had a net margin of 13.83% and a return on equity of 31.38%. Deckers Outdoor’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.42 EPS. Sell-side analysts expect that Deckers Outdoor Co. will post 18.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
DECK has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of Deckers Outdoor from $440.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Cowen boosted their target price on shares of Deckers Outdoor from $393.00 to $450.00 in a research report on Tuesday, November 29th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $390.00 to $416.00 in a research report on Monday, November 7th. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $360.00 to $425.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $485.00 price target on shares of Deckers Outdoor in a report on Wednesday, February 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $447.77.
About Deckers Outdoor
Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.
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