Deckers Outdoor Co. (NYSE:DECK) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 31.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 945 shares of the textile maker’s stock after buying an additional 226 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Deckers Outdoor were worth $194,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Resonant Capital Advisors LLC lifted its holdings in Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after buying an additional 52 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after acquiring an additional 64 shares in the last quarter. WD Rutherford LLC boosted its holdings in Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Deckers Outdoor by 6.5% during the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $136.04 on Thursday. The stock’s fifty day moving average is $182.92 and its two-hundred day moving average is $157.46. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $131.20 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on DECK. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group increased their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insider Transactions at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction 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 owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,574 shares of company stock worth $6,505,085. Company insiders own 0.40% of the company’s stock.

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.