Deckers Outdoor Co. (NYSE:DECK) Stock Position Reduced by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC decreased its stake in Deckers Outdoor Co. (NYSE:DECK) by 12.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,303 shares of the textile maker’s stock after selling 186 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Deckers Outdoor were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DECK. Solstein Capital LLC increased its holdings 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 buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc increased its stake in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Deckers Outdoor in the third quarter worth $36,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 1.3 %

Shares of NYSE:DECK opened at $204.77 on Tuesday. The business’s 50 day moving average is $196.15 and its 200-day moving average is $119.42. The firm has a market capitalization of $31.11 billion, a PE ratio of 36.01, a PEG ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a 1-year low of $117.02 and a 1-year high of $214.70.

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 the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,036 shares of company stock worth $13,715,482. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group boosted their price target on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Wells Fargo & Company increased their price target on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Guggenheim initiated coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $164.76.

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.