222 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Somerset Trust Co

Somerset Trust Co acquired a new position in Deckers Outdoor Co. (NYSE:DECK) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 222 shares of the textile maker’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Handelsbanken Fonder AB raised its position 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 worth $3,639,000 after purchasing an additional 600 shares during the last quarter. Intrust Bank NA raised its holdings in Deckers Outdoor by 1.3% in the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after buying an additional 38 shares during the last quarter. Cim LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $2,311,000. Advisor Resource Council purchased a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $970,000. Finally, Advisors Preferred LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at approximately $2,271,000. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Deckers Outdoor news, insider Caroti Stefano sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the sale, the insider now owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,101 shares of company stock worth $28,858,562. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp upped their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. UBS Group increased their price objective on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Evercore ISI lifted their price objective on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Barclays lowered their target price 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. Finally, Citigroup lifted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.44.

Deckers Outdoor Trading Down 0.9 %

Shares of NYSE:DECK opened at $1,008.39 on Thursday. Deckers Outdoor Co. has a 12-month low of $484.02 and a 12-month high of $1,106.89. The company has a market cap of $25.65 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. The stock has a 50 day moving average of $925.44 and a 200 day moving average of $847.24.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm had revenue of $959.76 million during the quarter, compared to analysts’ expectations of $892.00 million. During the same period in the prior year, the company posted $3.46 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

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.