Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,276 shares of the textile maker’s stock after purchasing an additional 1,291 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deckers Outdoor were worth $868,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. PFG Advisors acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $354,000. HighTower Advisors LLC lifted its stake in shares of Deckers Outdoor by 13.7% in the 4th quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker’s stock worth $11,429,000 after acquiring an additional 6,788 shares during the period. Prosperity Wealth Management Inc. lifted its stake in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after acquiring an additional 75 shares during the period. Natural Investments LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $354,000. Finally, Inspire Advisors LLC lifted its stake in shares of Deckers Outdoor by 8.6% in the 4th quarter. Inspire Advisors LLC now owns 5,427 shares of the textile maker’s stock worth $1,102,000 after acquiring an additional 428 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Up 1.3 %

NYSE:DECK opened at $118.55 on Monday. The firm has a 50-day moving average price of $171.26 and a two-hundred day moving average price of $163.11. Deckers Outdoor Co. has a twelve month low of $115.06 and a twelve month high of $223.98. The company has a market capitalization of $17.99 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

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