Running Oak Capital LLC Reduces Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Running Oak Capital LLC decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,430 shares of the textile maker’s stock after selling 957 shares during the period. Deckers Outdoor accounts for 2.3% of Running Oak Capital LLC’s portfolio, making the stock its largest position. Running Oak Capital LLC owned approximately 0.06% of Deckers Outdoor worth $17,350,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Linden Thomas Advisory Services LLC boosted its stake in Deckers Outdoor by 28.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,396 shares of the textile maker’s stock worth $1,502,000 after purchasing an additional 1,616 shares in the last quarter. Carr Financial Group Corp bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $202,000. CX Institutional grew its holdings in shares of Deckers Outdoor by 4.3% during the fourth quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock valued at $522,000 after buying an additional 107 shares during the last quarter. RFG Advisory LLC increased its position in shares of Deckers Outdoor by 21.1% during the fourth quarter. RFG Advisory LLC now owns 2,114 shares of the textile maker’s stock valued at $429,000 after acquiring an additional 368 shares in the last quarter. Finally, Mutual Advisors LLC increased its position in shares of Deckers Outdoor by 5.2% during the fourth quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker’s stock valued at $478,000 after acquiring an additional 114 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $216.90 on Friday. 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 1 year low of $125.15 and a 1 year high of $218.92. The stock’s 50 day simple moving average is $203.00 and its two-hundred day simple moving average is $129.71.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue was up 20.1% on a year-over-year basis. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’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 transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock worth $13,715,482. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

DECK has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report 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 research note on Monday, January 6th. Finally, TD Cowen upped their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” 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 stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price 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.