Williamson Legacy Group LLC Buys 1,583 Shares of Deckers Outdoor Co. (NYSE:DECK)

Williamson Legacy Group LLC raised its stake in Deckers Outdoor Co. (NYSE:DECK) by 35.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,057 shares of the textile maker’s stock after purchasing an additional 1,583 shares during the quarter. Deckers Outdoor accounts for 0.8% of Williamson Legacy Group LLC’s portfolio, making the stock its 29th biggest position. Williamson Legacy Group LLC’s holdings in Deckers Outdoor were worth $1,230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. AMF Tjanstepension AB lifted its position in Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after purchasing an additional 792,849 shares during the last quarter. Private Advisor Group LLC lifted its position in Deckers Outdoor by 627.0% in the third quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock valued at $881,000 after purchasing an additional 4,765 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Deckers Outdoor by 473.3% in the third quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the textile maker’s stock valued at $1,371,000 after purchasing an additional 7,100 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Deckers Outdoor by 514.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,382 shares of the textile maker’s stock valued at $5,163,000 after purchasing an additional 27,110 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Deckers Outdoor by 285.2% in the third quarter. Diversify Advisory Services LLC now owns 1,483 shares of the textile maker’s stock valued at $228,000 after purchasing an additional 1,098 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated 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 sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DECK shares. Robert W. Baird upped their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Barclays raised their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group raised 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $139.29 on Friday. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The business has a fifty day moving average price of $188.68 and a 200-day moving average price of $153.47. The company has a market capitalization of $21.14 billion, a PE ratio of 22.58, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.