Deckers Outdoor Co. (NYSE:DECK) Position Increased by Csenge Advisory Group

Csenge Advisory Group raised its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 17.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 404 shares of the textile maker’s stock after purchasing an additional 59 shares during the quarter. Csenge Advisory Group’s holdings in Deckers Outdoor were worth $380,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in Deckers Outdoor by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after purchasing an additional 15 shares during the period. Janiczek Wealth Management LLC boosted its stake in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. First Horizon Advisors Inc. boosted its stake in Deckers Outdoor by 18.5% in the 4th quarter. First Horizon Advisors Inc. now owns 179 shares of the textile maker’s stock worth $120,000 after purchasing an additional 28 shares during the period. Dfpg Investments LLC boosted its stake in shares of Deckers Outdoor by 3.9% during the 4th quarter. Dfpg Investments LLC now owns 847 shares of the textile maker’s stock valued at $575,000 after buying an additional 32 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in shares of Deckers Outdoor by 27.1% during the 4th quarter. Lindbrook Capital LLC now owns 150 shares of the textile maker’s stock valued at $100,000 after buying an additional 32 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Trading Down 0.9 %

DECK traded down $7.71 during trading on Thursday, hitting $885.66. The stock had a trading volume of 274,369 shares, compared to its average volume of 395,476. The firm has a market cap of $22.53 billion, a PE ratio of 30.22, a P/E/G ratio of 3.18 and a beta of 1.06. Deckers Outdoor Co. has a 12 month low of $484.02 and a 12 month high of $1,106.89. The company has a 50 day simple moving average of $966.70 and a 200-day simple moving average of $874.20.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter last year, the firm posted $3.46 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now owns 11,654 shares in the company, valued at approximately $12,526,418.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now owns 11,654 shares in the company, valued at approximately $12,526,418.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the transaction, the insider now owns 3,779 shares in the company, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,101 shares of company stock worth $28,858,562. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,011.00 to $1,200.00 in a research note on Tuesday, May 28th. Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. UBS Group lifted their target price on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Evercore ISI lifted their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Wedbush restated an “outperform” rating and set a $1,030.00 price target on shares of Deckers Outdoor in a report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,023.44.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.