Merlin Capital Inc Takes $632,000 Position in Deckers Outdoor Co. (NYSE:DECK)

Merlin Capital Inc acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 945 shares of the textile maker’s stock, valued at approximately $632,000. Deckers Outdoor accounts for about 2.0% of Merlin Capital Inc’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after acquiring an additional 600 shares in the last quarter. Intrust Bank NA raised its holdings in Deckers Outdoor by 1.3% in the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after acquiring an additional 38 shares in the last quarter. Advisor Resource Council acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $970,000. Advisors Preferred LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $2,271,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $6,185,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the transaction, the chief financial officer now directly owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is owned by insiders.

Deckers Outdoor Trading Down 1.4 %

Shares of NYSE:DECK traded down $11.91 during midday trading on Tuesday, hitting $820.52. 80,125 shares of the stock were exchanged, compared to its average volume of 423,061. The stock has a market cap of $21.06 billion, a P/E ratio of 29.70, a PEG ratio of 1.48 and a beta of 1.01. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17. The company has a 50 day moving average price of $881.65 and a 200-day moving average price of $752.31.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.48 EPS. On average, equities research analysts expect that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. TD Cowen raised their price objective on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Piper Sandler raised their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. KeyCorp started coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price on the stock. Finally, Barclays started coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 target price on the stock. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $889.00.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.