CX Institutional Has $522,000 Holdings in Deckers Outdoor Co. (NYSE:DECK)

CX Institutional grew its position in Deckers Outdoor Co. (NYSE:DECK) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,571 shares of the textile maker’s stock after buying an additional 107 shares during the quarter. CX Institutional’s holdings in Deckers Outdoor were worth $522,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Solstein Capital LLC grew its position in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc raised its position in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DECK has been the subject of several research reports. Needham & Company LLC raised their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore ISI boosted 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. Finally, TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.20.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the business’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 directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock worth $13,715,482 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $216.90 on Friday. The business’s 50-day simple moving average is $203.00 and its 200-day simple moving average is $130.43. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $218.92. The firm has a market capitalization of $32.95 billion, a PE ratio of 38.14, a PEG ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Deckers Outdoor’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts forecast that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Deckers Outdoor Company 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.