Adero Partners LLC Purchases New Shares in Deckers Outdoor Co. (NYSE:DECK)

Adero Partners LLC purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 985 shares of the textile maker’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 increased its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the period. Bell Investment Advisors Inc increased its stake in shares of Deckers Outdoor by 521.4% in the 3rd 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 during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares during the period. Finally, Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays raised their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. KeyCorp raised their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $172.22 on Friday. The stock’s 50-day simple moving average is $204.50 and its 200 day simple moving average is $139.96. The company has a market cap of $26.14 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 1.07. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor 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 transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’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 value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is owned by 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.