Commonwealth Equity Services LLC Has $1.85 Million Position in Deckers Outdoor Co. (NYSE:DECK)

Commonwealth Equity Services LLC lifted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,120 shares of the textile maker’s stock after buying an additional 1,346 shares during the period. Commonwealth Equity Services LLC’s holdings in Deckers Outdoor were worth $1,852,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DECK. Cerity Partners LLC grew its stake in Deckers Outdoor by 1,781.4% in the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker’s stock valued at $3,846,000 after purchasing an additional 22,837 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Deckers Outdoor by 598.1% in the 3rd quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock valued at $476,000 after buying an additional 2,560 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Deckers Outdoor by 469.2% in the third quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker’s stock valued at $1,319,000 after buying an additional 6,817 shares in the last quarter. Bank of Montreal Can increased its holdings in Deckers Outdoor by 498.2% during the third quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker’s stock worth $26,688,000 after buying an additional 139,424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Deckers Outdoor by 497.6% during the third quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock worth $14,603,000 after acquiring an additional 76,259 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DECK shares. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Evercore ISI upped their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. KeyCorp lifted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $111.53 on Friday. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a fifty-two week low of $110.75 and a fifty-two week high of $223.98. The stock has a fifty day moving average price of $153.46 and a 200-day moving average price of $167.63.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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