Greenberg Financial Group Acquires New Shares in Deckers Outdoor Corporation $DECK

Greenberg Financial Group acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,616 shares of the textile maker’s stock, valued at approximately $582,000.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 106 shares during the last quarter. American National Bank & Trust lifted its holdings in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. RB Capital Management LLC lifted its holdings in shares of Deckers Outdoor by 1.0% during the 3rd quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock valued at $1,083,000 after acquiring an additional 110 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Deckers Outdoor by 2.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 4,990 shares of the textile maker’s stock valued at $506,000 after acquiring an additional 112 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $90.00 target price on shares of Deckers Outdoor in a report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a report on Wednesday, January 21st. Citigroup restated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Zacks Research upgraded shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Insider Transactions at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,092 shares of company stock valued at $1,048,552. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $106.43 on Thursday. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43. The firm has a market capitalization of $15.11 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.11 and a beta of 1.21. The company’s fifty day moving average price is $108.27 and its two-hundred day moving average price is $100.72.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $3.00 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.