Crown Advisors Management Inc. decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the textile maker’s stock after selling 5,000 shares during the quarter. Deckers Outdoor makes up approximately 4.1% of Crown Advisors Management Inc.’s holdings, making the stock its 8th biggest holding. Crown Advisors Management Inc. owned 0.07% of Deckers Outdoor worth $5,736,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of DECK. Harvest Fund Management Co. Ltd raised its holdings in shares of Deckers Outdoor by 36.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 183 shares of the textile maker’s stock valued at $43,000 after buying an additional 49 shares during the last quarter. Summit X LLC bought a new stake in Deckers Outdoor during the 3rd quarter valued at $44,000. Smithfield Trust Co. boosted its position in Deckers Outdoor by 29.1% during the 3rd quarter. Smithfield Trust Co. now owns 231 shares of the textile maker’s stock worth $51,000 after acquiring an additional 52 shares during the period. Freestone Capital Holdings LLC bought a new position in shares of Deckers Outdoor in the third quarter worth $55,000. Finally, Ellevest Inc. increased its holdings in shares of Deckers Outdoor by 3,333.3% during the fourth quarter. Ellevest Inc. now owns 206 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 200 shares during the period. 95.86% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO David Powers sold 5,674 shares of Deckers Outdoor stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $325.00, for a total value of $1,844,050.00. Following the transaction, the chief executive officer now owns 85,110 shares of the company’s stock, valued at $27,660,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO David E. Lafitte sold 500 shares of the firm’s stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $289.73, for a total value of $144,865.00. Following the completion of the sale, the chief operating officer now directly owns 26,386 shares in the company, valued at $7,644,815.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,870 shares of company stock worth $9,088,859. Corporate insiders own 1.33% of the company’s stock.
Deckers Outdoor (NYSE:DECK) last released its earnings results on Wednesday, February 3rd. The textile maker reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.01 by $1.98. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $965.20 million. Deckers Outdoor had a net margin of 14.02% and a return on equity of 26.81%. On average, equities analysts forecast that Deckers Outdoor Co. will post 11.13 earnings per share for the current fiscal year.
DECK has been the topic of several recent research reports. Telsey Advisory Group lifted their price objective on shares of Deckers Outdoor from $302.00 to $320.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Cowen lifted their price target on shares of Deckers Outdoor from $330.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Robert W. Baird reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Sunday. BTIG Research increased their price objective on Deckers Outdoor from $307.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Finally, Raymond James began coverage on Deckers Outdoor in a report on Friday, December 11th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $318.63.
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. It offers premium footwear, apparel, and accessories under the UGG brand name; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.
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