AE Wealth Management LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,159 shares of the textile maker’s stock after purchasing an additional 178 shares during the period. AE Wealth Management LLC’s holdings in Deckers Outdoor were worth $3,257,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. increased its position in shares of Deckers Outdoor by 14.5% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 6,059 shares of the textile maker’s stock valued at $2,419,000 after acquiring an additional 765 shares during the period. Wedbush Securities Inc. increased its position in shares of Deckers Outdoor by 2.0% in the 4th quarter. Wedbush Securities Inc. now owns 2,038 shares of the textile maker’s stock valued at $813,000 after acquiring an additional 39 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Deckers Outdoor by 13.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,510 shares of the textile maker’s stock valued at $603,000 after acquiring an additional 184 shares during the period. Psagot Value Holdings Ltd. Israel increased its position in shares of Deckers Outdoor by 66.7% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,000 shares of the textile maker’s stock valued at $798,000 after acquiring an additional 800 shares during the period. Finally, Natixis Advisors L.P. increased its position in shares of Deckers Outdoor by 3.0% in the 4th quarter. Natixis Advisors L.P. now owns 22,405 shares of the textile maker’s stock valued at $8,943,000 after acquiring an additional 660 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have commented on DECK. StockNews.com began coverage on shares of Deckers Outdoor in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $485.00 to $550.00 and gave the company a “buy” rating in a report on Monday. Citigroup upped their price target on shares of Deckers Outdoor from $440.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Robert W. Baird upped their price target on shares of Deckers Outdoor from $425.00 to $455.00 in a report on Tuesday, January 31st. Finally, 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $463.08.
Deckers Outdoor Trading Up 2.0 %
Deckers Outdoor (NYSE:DECK – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The textile maker reported $10.48 earnings per share for the quarter, beating analysts’ consensus estimates of $9.41 by $1.07. The firm had revenue of $1.35 billion for 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $8.42 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 18.46 EPS for the current fiscal year.
Insider Transactions at Deckers Outdoor
In other news, CEO David Powers sold 35,957 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $400.87, for a total transaction of $14,414,082.59. Following the transaction, the chief executive officer now directly owns 92,252 shares in the company, valued at approximately $36,981,059.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Lauri M. Shanahan sold 2,529 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $406.56, for a total transaction of $1,028,190.24. Following the sale, the director now owns 7,843 shares of the company’s stock, valued at approximately $3,188,650.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Powers sold 35,957 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $400.87, for a total transaction of $14,414,082.59. Following the sale, the chief executive officer now directly owns 92,252 shares in the company, valued at approximately $36,981,059.24. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
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.
Read More
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