Sigma Investment Counselors Inc. Purchases Shares of 15,474 Deckers Outdoor Co. (NYSE:DECK)

Sigma Investment Counselors Inc. acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,474 shares of the textile maker’s stock, valued at approximately $3,143,000.

Several other large investors have also modified their holdings of the stock. MONECO Advisors LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $234,000. Panview Capital Ltd acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $57,657,000. Sigma Planning Corp purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $294,000. Navellier & Associates Inc. raised its stake in shares of Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after acquiring an additional 1,791 shares during the period. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Deckers Outdoor during the 4th quarter valued at $214,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK opened at $146.48 on Friday. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The business’s fifty day moving average price is $193.91 and its 200 day moving average price is $151.09. The stock has a market capitalization of $22.23 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. KeyCorp boosted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by 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.