Lindbrook Capital LLC Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Lindbrook Capital LLC boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 27.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150 shares of the textile maker’s stock after purchasing an additional 32 shares during the quarter. Lindbrook Capital LLC’s holdings in Deckers Outdoor were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc raised its holdings in Deckers Outdoor by 2.2% in the 4th quarter. abrdn plc now owns 89,532 shares of the textile maker’s stock valued at $59,846,000 after acquiring an additional 1,930 shares during the last quarter. Greenleaf Trust increased its stake in Deckers Outdoor by 1.7% in the fourth quarter. Greenleaf Trust now owns 2,088 shares of the textile maker’s stock valued at $1,396,000 after purchasing an additional 35 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in Deckers Outdoor by 14.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 571 shares of the textile maker’s stock worth $382,000 after buying an additional 71 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Deckers Outdoor by 1.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,029 shares of the textile maker’s stock valued at $2,693,000 after buying an additional 59 shares during the period. Finally, Aurora Private Wealth Inc. purchased a new stake in Deckers Outdoor in the 4th quarter valued at about $217,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 2.7 %

Shares of DECK opened at $851.90 on Thursday. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The company’s fifty day moving average is $884.14 and its 200-day moving average is $743.84. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $10.48 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the sale, the director now directly owns 4,515 shares of the company’s stock, valued at $3,757,473.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Lauri M. Shanahan sold 3,672 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 over the last quarter. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Piper Sandler upped their price target on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. KeyCorp initiated coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. Finally, TD Cowen raised their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.