Frank Rimerman Advisors LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Frank Rimerman Advisors LLC acquired a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,395 shares of the textile maker’s stock, valued at approximately $283,000.

A number of other large investors have also recently bought and sold shares of DECK. Victory Capital Management Inc. grew its stake in Deckers Outdoor by 317.6% during the third quarter. Victory Capital Management Inc. now owns 94,702 shares of the textile maker’s stock worth $15,100,000 after buying an additional 72,022 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Deckers Outdoor by 774.4% in the third quarter. Huntington National Bank now owns 717 shares of the textile maker’s stock worth $114,000 after acquiring an additional 635 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Deckers Outdoor by 240.9% in the third quarter. OneDigital Investment Advisors LLC now owns 1,500 shares of the textile maker’s stock worth $239,000 after acquiring an additional 1,060 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Deckers Outdoor by 545.3% in the third quarter. CIBC Asset Management Inc now owns 22,328 shares of the textile maker’s stock worth $3,560,000 after acquiring an additional 18,868 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Deckers Outdoor by 591.4% in the third quarter. Empowered Funds LLC now owns 33,389 shares of the textile maker’s stock worth $5,324,000 after acquiring an additional 28,560 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 1.0 %

Shares of DECK stock opened at $117.51 on Tuesday. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 52 week low of $115.06 and a 52 week high of $223.98. The firm has a 50 day moving average of $169.44 and a 200-day moving average of $163.75.

Deckers Outdoor (NYSE:DECK) last announced 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 19.14% and a return on equity of 41.71%. Analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Jefferies Financial Group raised their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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