Deckers Outdoor Co. (NYSE:DECK) Stake Raised by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 116.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,479 shares of the textile maker’s stock after acquiring an additional 3,491 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Deckers Outdoor were worth $1,316,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $63,000. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its position 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 valued at $28,000 after acquiring an additional 146 shares during the period. Inspire Advisors LLC acquired a new position in Deckers Outdoor during the 2nd quarter valued at $202,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Price Performance

DECK stock traded down $4.90 during midday trading on Monday, reaching $202.60. The company had a trading volume of 1,129,014 shares, compared to its average volume of 1,717,441. The stock has a 50 day moving average price of $195.30 and a 200-day moving average price of $118.18. Deckers Outdoor Co. has a 1-year low of $117.02 and a 1-year high of $214.70. The company has a market capitalization of $30.78 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

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

Analyst Ratings Changes

Several brokerages recently issued reports on DECK. Stifel Nicolaus boosted their price target on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Barclays upped their target price on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Finally, Telsey Advisory Group increased their price target on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $164.76.

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.