CX Institutional Buys 107 Shares of Deckers Outdoor Co. (NYSE:DECK)

CX Institutional boosted its stake in Deckers Outdoor Co. (NYSE:DECK) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,571 shares of the textile maker’s stock after buying an additional 107 shares during the quarter. CX Institutional’s holdings in Deckers Outdoor were worth $522,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $31,000. Solstein Capital LLC lifted its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its position in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock worth $13,715,482 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $216.90 on Friday. The stock has a 50-day moving average of $203.00 and a 200-day moving average of $130.43. Deckers Outdoor Co. has a one year low of $125.15 and a one year high of $218.92. The stock has a market cap of $32.95 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, research analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Analyst Ratings Changes

DECK has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Bank of America boosted their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Deckers Outdoor 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.