Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Anchor Investment Management LLC

Anchor Investment Management LLC grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 500.0% in the 3rd quarter, Holdings Channel reports. The fund owned 504 shares of the textile maker’s stock after acquiring an additional 420 shares during the period. Anchor Investment Management LLC’s holdings in Deckers Outdoor were worth $80,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. raised its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at about $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Deckers Outdoor during the second quarter worth about $63,000. Solstein Capital LLC grew its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their target price on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America increased their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.59.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 transaction, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. 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 three months. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 2.2 %

DECK stock opened at $211.13 on Tuesday. The firm’s 50-day moving average is $176.88 and its two-hundred day moving average is $93.07. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 52 week low of $108.65 and a 52 week high of $213.03.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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 return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

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.