Commonwealth Equity Services LLC Purchases 1,346 Shares of Deckers Outdoor Co. (NYSE:DECK)

Commonwealth Equity Services LLC grew its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 17.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,120 shares of the textile maker’s stock after purchasing an additional 1,346 shares during the period. Commonwealth Equity Services LLC’s holdings in Deckers Outdoor were worth $1,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DECK. Global Trust Asset Management LLC bought a new position in Deckers Outdoor during the 4th quarter worth $31,000. Brooklyn Investment Group acquired a new stake in shares of Deckers Outdoor in the third quarter valued at about $36,000. Fortitude Family Office LLC raised its position in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after acquiring an additional 198 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock worth $71,000 after acquiring an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Deckers Outdoor by 107.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 189 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale 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 stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $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. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DECK. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. UBS Group lifted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Down 4.6 %

Deckers Outdoor stock opened at $111.53 on Friday. The firm’s fifty day moving average price is $153.46 and its two-hundred day moving average price is $167.63. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $110.75 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced 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 net margin of 19.14% and a return on equity of 41.71%. On average, research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.