Logan Capital Management Inc. Acquires 93,580 Shares of Deckers Outdoor Co. (NYSE:DECK)

Logan Capital Management Inc. lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 494.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,519 shares of the textile maker's stock after purchasing an additional 93,580 shares during the quarter. Logan Capital Management Inc. owned about 0.07% of Deckers Outdoor worth $17,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Retirement Systems of Alabama grew its position in Deckers Outdoor by 3,428.6% in the 3rd quarter. Retirement Systems of Alabama now owns 199,753 shares of the textile maker's stock worth $31,851,000 after purchasing an additional 194,092 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Deckers Outdoor in the 3rd quarter valued at approximately $2,245,000. American Trust increased its position in Deckers Outdoor by 566.7% in the 3rd quarter. American Trust now owns 2,400 shares of the textile maker's stock valued at $383,000 after acquiring an additional 2,040 shares during the period. Franklin Resources Inc. raised its stake in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock valued at $62,825,000 after acquiring an additional 325,451 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Deckers Outdoor by 3,540.6% during the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Trading Down 1.3 %

DECK stock traded down $2.67 during mid-day trading on Wednesday, reaching $203.09. 1,317,242 shares of the stock traded hands, compared to its average volume of 2,182,787. Deckers Outdoor Co. has a 52-week low of $108.65 and a 52-week high of $214.70. The stock's fifty day moving average is $189.28 and its 200-day moving average is $108.76. The company has a market cap of $30.85 billion, a P/E ratio of 35.71, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Insider Activity

In other news, insider Thomas Garcia sold 18,000 shares of the business's 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 transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $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 sold 84,234 shares of company stock worth $15,248,513 over the last quarter. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DECK shares. BTIG Research downgraded shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Seaport Res Ptn lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. StockNews.com lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 25th. Wells Fargo & Company upped their target price on Deckers Outdoor from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Robert W. Baird lifted their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.59.

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.