Custom Index Systems LLC Buys 127 Shares of Deckers Outdoor Co. (NYSE:DECK)

Custom Index Systems LLC boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,295 shares of the textile maker’s stock after purchasing an additional 127 shares during the quarter. Custom Index Systems LLC’s holdings in Deckers Outdoor were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. City Center Advisors LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $575,000. B. Riley Wealth Advisors Inc. increased its position in shares of Deckers Outdoor by 506.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Deckers Outdoor by 512.9% during the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC lifted its position in Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after buying an additional 3,491 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the transaction, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock worth $13,506,861 over the last three months. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 20.3 %

Shares of Deckers Outdoor stock opened at $177.85 on Friday. The company has a market cap of $27.02 billion, a PE ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08. The business has a 50 day moving average of $205.90 and a 200 day moving average of $136.11. Deckers Outdoor Co. has a 52 week low of $125.15 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.62 earnings per share for the current year.

Wall Street Analyst Weigh In

DECK has been the topic of a number of recent research reports. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Finally, Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $197.41.

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.