Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Shira Ridge Wealth Management

Shira Ridge Wealth Management grew its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,262 shares of the textile maker’s stock after acquiring an additional 274 shares during the period. Shira Ridge Wealth Management’s holdings in Deckers Outdoor were worth $662,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DECK. FMR LLC increased its holdings in shares of Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp lifted its holdings in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on 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 owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the company’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 value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 over the last three months. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DECK. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Barclays upped their target price on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America boosted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $164.76.

Deckers Outdoor Stock Down 1.3 %

Deckers Outdoor stock opened at $204.77 on Tuesday. Deckers Outdoor Co. has a 12-month low of $117.02 and a 12-month high of $214.70. The stock has a 50-day simple moving average of $196.15 and a 200 day simple moving average of $119.42. The stock has a market capitalization of $31.11 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.90 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current 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.