Thoroughbred Financial Services LLC Buys Shares of 10,350 Deckers Outdoor Co. (NYSE:DECK)

Thoroughbred Financial Services LLC purchased a new stake in Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,350 shares of the textile maker’s stock, valued at approximately $2,101,000.

A number of other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity

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

Deckers Outdoor Stock Performance

DECK stock opened at $106.04 on Friday. The stock’s 50 day simple moving average is $142.96 and its 200 day simple moving average is $169.66. The company has a market cap of $16.09 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Evercore ISI raised their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Barclays boosted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 7th. Finally, Truist Financial reduced their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus 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.