Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in Deckers Outdoor Co. (NYSE:DECKFree Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,144 shares of the textile maker’s stock after acquiring an additional 107 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Deckers Outdoor were worth $3,522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Handelsbanken Fonder AB lifted its holdings in shares of Deckers Outdoor by 12.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after purchasing an additional 600 shares during the last quarter. Intrust Bank NA increased its holdings in shares of Deckers Outdoor by 1.3% in the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after acquiring an additional 38 shares during the period. Advisor Resource Council acquired a new stake in Deckers Outdoor during the 4th quarter worth $970,000. Advisors Preferred LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $2,271,000. Finally, Marks Group Wealth Management Inc acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $6,185,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 14.2 %

NYSE:DECK opened at $1,032.90 on Tuesday. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $1,036.98. The stock has a fifty day simple moving average of $876.25 and a 200-day simple moving average of $799.20. The company has a market capitalization of $26.51 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million during the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. Deckers Outdoor’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.46 earnings per share. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 30.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI increased their price objective on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen increased their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday. Barclays dropped their price objective on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,006.63.

Get Our Latest Research Report on DECK

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $90,640,481.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Deckers Outdoor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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