Sanctuary Advisors LLC Acquires 31,886 Shares of Deckers Outdoor Co. (NYSE:DECK)

Sanctuary Advisors LLC boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 611.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,105 shares of the textile maker's stock after acquiring an additional 31,886 shares during the quarter. Sanctuary Advisors LLC's holdings in Deckers Outdoor were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Investment Management LLC raised its stake in shares of Deckers Outdoor by 500.0% during the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock valued at $80,000 after acquiring an additional 420 shares during the last quarter. Passumpsic Savings Bank increased its holdings in Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock valued at $4,352,000 after purchasing an additional 22,572 shares during the period. TD Private Client Wealth LLC raised its position in Deckers Outdoor by 447.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker's stock valued at $152,000 after purchasing an additional 779 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in Deckers Outdoor by 589.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,556 shares of the textile maker's stock worth $563,000 after buying an additional 3,040 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Deckers Outdoor by 466.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker's stock worth $2,246,000 after buying an additional 11,600 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 5.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, 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 84,234 shares of company stock valued at $15,248,513 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DECK shares. Robert W. Baird upped their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, December 6th. TD Cowen raised their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price target on shares of Deckers Outdoor from $218.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Evercore ISI upped their target price on Deckers Outdoor from $185.00 to $195.00 and gave the stock an "outperform" rating in a report 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $158.59.

Deckers Outdoor Stock Down 4.2 %

Deckers Outdoor stock traded down $8.89 during trading hours on Wednesday, hitting $201.48. The stock had a trading volume of 1,577,044 shares, compared to its average volume of 2,203,326. The stock's 50-day moving average price is $178.90 and its 200-day moving average price is $95.61. The stock has a market capitalization of $30.61 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 12-month low of $108.65 and a 12-month high of $213.03.

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

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.