Clare Market Investments LLC Invests $3.48 Million in Deckers Outdoor Co. (NYSE:DECK)

Clare Market Investments LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, Holdings Channel.com reports. The fund bought 17,155 shares of the textile maker’s stock, valued at approximately $3,484,000. Deckers Outdoor accounts for about 0.8% of Clare Market Investments LLC’s portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance boosted its holdings in shares of Deckers Outdoor by 2.7% in the 4th quarter. Independent Advisor Alliance now owns 26,869 shares of the textile maker’s stock valued at $5,457,000 after buying an additional 709 shares during the period. Johnson Investment Counsel Inc. acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $518,000. Tiemann Investment Advisors LLC boosted its holdings in shares of Deckers Outdoor by 9.9% in the 4th quarter. Tiemann Investment Advisors LLC now owns 1,503 shares of the textile maker’s stock valued at $305,000 after buying an additional 135 shares during the period. Taika Capital LP acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $800,000. Finally, OFI Invest Asset Management acquired a new position in Deckers Outdoor during the 4th quarter valued at about $43,993,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $126.81 on Monday. Deckers Outdoor Co. has a 52-week low of $122.61 and a 52-week high of $223.98. The company’s 50 day simple moving average is $179.75 and its 200-day simple moving average is $159.83. The firm has a market capitalization of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DECK. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. KeyCorp boosted their target price 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. Robert W. Baird upped their price target 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. Finally, Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred 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 owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,574 shares of company stock worth $6,485,189. 0.40% of the stock is currently owned by company insiders.

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.