SageView Advisory Group LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

SageView Advisory Group LLC bought a new position in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 390 shares of the textile maker’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Deckers Outdoor by 32.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock worth $122,817,000 after buying an additional 44,942 shares in the last quarter. EP Wealth Advisors LLC lifted its position in Deckers Outdoor by 10.1% in the fourth quarter. EP Wealth Advisors LLC now owns 1,955 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 180 shares during the last quarter. Virtu Financial LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at approximately $1,557,000. Cim LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at approximately $2,311,000. Finally, V Square Quantitative Management LLC lifted its position in Deckers Outdoor by 47.0% in the fourth quarter. V Square Quantitative Management LLC now owns 341 shares of the textile maker’s stock valued at $228,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.9 %

Shares of DECK stock opened at $989.44 on Friday. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.37 and a beta of 1.11. The business’s fifty day moving average is $928.83 and its 200 day moving average is $848.23. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89.

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

Insider Transactions at Deckers Outdoor

In other news, insider Caroti Stefano sold 5,000 shares of the stock in a transaction 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 directly owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO David Powers sold 10,955 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Caroti Stefano sold 5,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the sale, the insider now directly owns 39,926 shares in the company, valued at $43,109,699.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,101 shares of company stock valued at $28,858,562. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DECK shares. Truist Financial upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. BTIG Research boosted their price objective on Deckers Outdoor from $1,020.00 to $1,120.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Evercore ISI upped their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a report on Friday, May 24th. UBS Group upped their target price on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Wedbush upped their target price on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,018.44.

Deckers Outdoor Company 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.