Park Place Capital Corp Has $136,000 Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Park Place Capital Corp cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 671 shares of the textile maker’s stock after selling 103 shares during the quarter. Park Place Capital Corp’s holdings in Deckers Outdoor were worth $136,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DECK. JPMorgan Chase & Co. boosted its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. City Center Advisors LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth $575,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after purchasing an additional 5,574 shares during the period. Principal Financial Group Inc. increased its holdings in Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after purchasing an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC lifted its stake in Deckers Outdoor by 116.8% in the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,491 shares during the period. Institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Telsey Advisory Group boosted their target price on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Evercore ISI lifted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. TD Cowen upped their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.06.

Deckers Outdoor Trading Up 0.4 %

Deckers Outdoor stock opened at $215.04 on Thursday. The company has a market cap of $32.67 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.08. The company has a fifty day simple moving average of $201.33 and a 200 day simple moving average of $127.75. Deckers Outdoor Co. has a 1-year low of $123.33 and a 1-year high of $218.39.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. On average, equities research analysts forecast that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 in the last ninety days. Insiders own 0.40% of the company’s stock.

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.