Deckers Outdoor Co. (NYSE:DECK) Stake Increased by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,345 shares of the textile maker’s stock after purchasing an additional 82 shares during the period. Atomi Financial Group Inc.’s holdings in Deckers Outdoor were worth $273,000 as of its most recent SEC filing.

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

Deckers Outdoor Stock Performance

NYSE:DECK opened at $216.90 on Monday. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $218.92. The stock has a fifty day moving average price of $203.00 and a 200-day moving average price of $131.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Research analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. 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 in the last 90 days. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DECK has been the subject of a number of analyst reports. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. 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. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Thursday. Needham & Company LLC boosted their price target on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Barclays increased their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.20.

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.