Advisor OS LLC Invests $407,000 in Deckers Outdoor Co. (NYSE:DECK)

Advisor OS LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,004 shares of the textile maker’s stock, valued at approximately $407,000.

Several other institutional investors have also recently modified their holdings of DECK. AMF Tjanstepension AB raised its position in shares of Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after purchasing an additional 792,849 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Deckers Outdoor by 627.0% during the 3rd quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock worth $881,000 after purchasing an additional 4,765 shares during the last quarter. Allworth Financial LP raised its position in shares of Deckers Outdoor by 496.8% during the 3rd quarter. Allworth Financial LP now owns 1,319 shares of the textile maker’s stock worth $210,000 after purchasing an additional 1,098 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Deckers Outdoor by 473.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the textile maker’s stock worth $1,371,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Deckers Outdoor by 683.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,625 shares of the textile maker’s stock valued at $2,172,000 after acquiring an additional 11,887 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 4.4 %

Shares of Deckers Outdoor stock opened at $138.60 on Friday. The company has a fifty day moving average price of $190.02 and a 200 day moving average price of $153.58. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping 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%. Analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays boosted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate 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.