Impact Investors Inc purchased a new stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,996 shares of the textile maker's stock, valued at approximately $1,218,000. Deckers Outdoor comprises approximately 0.9% of Impact Investors Inc's portfolio, making the stock its 28th biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after acquiring an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in 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 last quarter. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in 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 acquiring an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.
Deckers Outdoor Trading Up 0.6 %
DECK stock traded up $0.80 during mid-day trading on Friday, hitting $139.29. The stock had a trading volume of 3,003,189 shares, compared to its average volume of 3,122,442. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The firm has a market capitalization of $21.14 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.68 and a beta of 1.07. The firm has a fifty day simple moving average of $187.25 and a 200 day simple moving average of $154.26.
Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, equities analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on DECK shares. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. UBS Group increased their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.
Check Out Our Latest Stock Analysis on Deckers Outdoor
Insider Buying and Selling
In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company's stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Deckers Outdoor Company Profile
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Free Report)
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.
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