Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group raised its stake in Deckers Outdoor Co. (NYSE:DECK) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,468 shares of the textile maker’s stock after acquiring an additional 1,178 shares during the period. Csenge Advisory Group’s holdings in Deckers Outdoor were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DECK. Solstein Capital LLC grew its position in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake 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 valued at $35,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DECK shares. Citigroup upgraded shares of 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. Jefferies Financial Group lifted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird lifted their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America lifted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Nine 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling

In related news, Director Bonita C. Stewart sold 4,500 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $838,935.00. Following the transaction, the director now directly owns 40,733 shares of the company’s stock, valued at approximately $7,593,853.19. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,956 shares of company stock worth $4,596,741. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Trading Down 2.0 %

NYSE:DECK opened at $155.01 on Tuesday. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. The company’s 50-day moving average is $198.16 and its two-hundred day moving average is $148.40. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.