2,829 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by City Center Advisors LLC

City Center Advisors LLC acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,829 shares of the textile maker’s stock, valued at approximately $575,000.

Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its position in Deckers Outdoor by 152.5% during the second quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock valued at $736,000 after purchasing an additional 459 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 2,234.5% in the 2nd quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock valued at $655,000 after buying an additional 648 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Deckers Outdoor in the second quarter valued at $63,000. Qsemble Capital Management LP acquired a new position in Deckers Outdoor during the second quarter worth $241,000. Finally, DekaBank Deutsche Girozentrale raised its position in Deckers Outdoor by 11.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 11,697 shares of the textile maker’s stock worth $11,599,000 after acquiring an additional 1,223 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DECK shares. Barclays lifted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, UBS Group increased their price target on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.76.

Deckers Outdoor Stock Performance

Shares of DECK opened at $207.60 on Monday. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a 52 week low of $115.64 and a 52 week high of $214.70. The stock has a fifty day moving average of $195.30 and a 200-day moving average of $118.18.

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

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last 90 days. 0.40% of the stock is owned by insiders.

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.