L. Roy Papp & Associates LLP Buys Shares of 1,140 Deckers Outdoor Co. (NYSE:DECK)

L. Roy Papp & Associates LLP purchased a new position in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,140 shares of the textile maker’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Resonant Capital Advisors LLC lifted its position in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after buying an additional 54 shares during the period. Mather Group LLC. lifted its position in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after buying an additional 64 shares in the last quarter. Atomi Financial Group Inc. grew its stake in shares of 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 acquiring an additional 82 shares during the period. Finally, CX Institutional increased its holdings in Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.4 %

DECK stock opened at $157.81 on Wednesday. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The firm has a market capitalization of $23.95 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. The company has a fifty day simple moving average of $202.74 and a two-hundred day simple moving average of $143.80.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DECK. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial lowered their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. UBS Group increased their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. 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, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity

In related news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the transaction, the insider now directly owns 67,434 shares of the company’s stock, valued at $12,571,720.62. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock valued at $10,387,731 in the last ninety days. Insiders own 0.40% of the company’s stock.

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.