Eagle Bay Advisors LLC Raises Holdings in Deckers Outdoor Co. (NYSE:DECK)

Eagle Bay Advisors LLC increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 687.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 520 shares of the textile maker’s stock after buying an additional 454 shares during the period. Eagle Bay Advisors LLC’s holdings in Deckers Outdoor were worth $106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. City Center Advisors LLC bought a new position in Deckers Outdoor during the 4th quarter worth about $575,000. Czech National Bank boosted its stake in shares of Deckers Outdoor by 6.1% during the fourth quarter. Czech National Bank now owns 32,940 shares of the textile maker’s stock valued at $6,690,000 after purchasing an additional 1,882 shares in the last quarter. RMR Wealth Builders purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $383,000. Fortitude Family Office LLC raised its stake in Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after buying an additional 198 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in Deckers Outdoor by 4.2% during the fourth quarter. First Hawaiian Bank now owns 24,556 shares of the textile maker’s stock worth $4,987,000 after buying an additional 1,000 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,036 shares of company stock valued at $13,715,482. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 1.3 %

Deckers Outdoor stock opened at $204.77 on Tuesday. Deckers Outdoor Co. has a 52 week low of $117.02 and a 52 week high of $214.70. The stock has a 50-day moving average price of $196.15 and a 200 day moving average price of $119.42. The company has a market capitalization of $31.11 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business 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 firm earned $1.14 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. Truist Financial boosted their target price on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. TD Cowen boosted their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, KeyCorp raised their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.76.

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.