MONECO Advisors LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

MONECO Advisors LLC purchased a new position in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,152 shares of the textile maker’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DECK. FMR LLC raised its holdings in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after buying an additional 19,053,113 shares during the last quarter. State Street Corp raised its holdings in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DECK shares. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, February 7th. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 2.1 %

DECK stock opened at $143.04 on Wednesday. The stock has a market capitalization of $21.71 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.68 and a beta of 1.07. The firm has a 50-day simple moving average of $191.14 and a 200-day simple moving average of $153.64. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.