Merit Financial Group LLC Invests $281,000 in Deckers Outdoor Co. (NYSE:DECK)

Merit Financial Group LLC purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,383 shares of the textile maker’s stock, valued at approximately $281,000.

Several other institutional investors also recently bought and sold shares of the company. Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in 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 in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Rakuten Securities Inc. grew its stake in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Deckers Outdoor in the 3rd quarter valued at about $36,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Trading Down 0.8 %

Shares of NYSE DECK opened at $216.90 on Friday. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $218.92. The stock has a market cap of $32.95 billion, a P/E ratio of 38.14, a PEG ratio of 2.98 and a beta of 1.08. The business’s fifty day simple moving average is $203.00 and its 200-day simple moving average is $130.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $1.14 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts forecast that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DECK shares. Needham & Company LLC upped their target price on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a report on Monday, January 6th. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research report on Thursday, October 17th. TD Cowen boosted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Thursday. Finally, UBS Group upped their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.20.

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.