American Trust Purchases 2,040 Shares of Deckers Outdoor Co. (NYSE:DECK)

American Trust increased its position in Deckers Outdoor Co. (NYSE:DECK) by 566.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the textile maker’s stock after buying an additional 2,040 shares during the quarter. American Trust’s holdings in Deckers Outdoor were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Solstein Capital LLC boosted its holdings in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares during the period. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Deckers Outdoor during the 3rd quarter worth about $36,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $203.09 on Thursday. The stock has a market cap of $30.85 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $214.70. The firm’s 50-day simple moving average is $189.28 and its 200 day simple moving average is $108.76.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $1.14 earnings per share. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,234 shares of company stock valued at $15,248,513. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DECK shares. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.59.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.