Chicago Partners Investment Group LLC Takes Position in Deckers Outdoor Corporation $DECK

Chicago Partners Investment Group LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,202 shares of the textile maker’s stock, valued at approximately $720,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust boosted its position 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 during the last quarter. True Wealth Design LLC boosted its position in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. boosted its position in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Down 1.5%

DECK stock opened at $106.86 on Tuesday. The business’s fifty day simple moving average is $106.99 and its two-hundred day simple moving average is $101.11. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 2.33 and a beta of 1.21.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Research analysts expect that Deckers Outdoor Corporation will post 6.87 EPS for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the sale, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the sale, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 over the last quarter. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DECK. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company set a $115.00 target price on Deckers Outdoor and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Finally, Barclays reiterated an “overweight” rating and set a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and a consensus target price of $126.35.

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.