Linden Thomas Advisory Services LLC Purchases 1,616 Shares of Deckers Outdoor Co. (NYSE:DECK)

Linden Thomas Advisory Services LLC increased its position in Deckers Outdoor Co. (NYSE:DECK) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,396 shares of the textile maker’s stock after buying an additional 1,616 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Deckers Outdoor were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DECK. Public Sector Pension Investment Board lifted its position in Deckers Outdoor by 68.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 948 shares of the textile maker’s stock worth $918,000 after buying an additional 384 shares during the last quarter. Bank of Montreal Can lifted its position in Deckers Outdoor by 16.9% in the second quarter. Bank of Montreal Can now owns 27,983 shares of the textile maker’s stock valued at $27,619,000 after purchasing an additional 4,054 shares during the last quarter. APG Asset Management N.V. lifted its position in Deckers Outdoor by 333.3% in the second quarter. APG Asset Management N.V. now owns 2,600 shares of the textile maker’s stock valued at $2,348,000 after purchasing an additional 2,000 shares during the last quarter. MBB Public Markets I LLC bought a new stake in Deckers Outdoor in the second quarter valued at approximately $1,790,000. Finally, The Manufacturers Life Insurance Company lifted its position in Deckers Outdoor by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 15,324 shares of the textile maker’s stock valued at $14,833,000 after purchasing an additional 2,671 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 0.8 %

NYSE DECK opened at $216.90 on Friday. The stock has a market cap of $32.95 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a 12 month low of $125.15 and a 12 month high of $218.92. The stock’s fifty day moving average price is $203.00 and its 200-day moving average price is $130.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, analysts forecast that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DECK shares. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research report on Thursday, October 17th. Guggenheim began coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Needham & Company LLC boosted their target price on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.20.

About Deckers Outdoor

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.