Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Suncoast Equity Management

Suncoast Equity Management lifted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 10.1% during the 4th quarter, Holdings Channel reports. The fund owned 9,761 shares of the textile maker’s stock after buying an additional 894 shares during the quarter. Suncoast Equity Management’s holdings in Deckers Outdoor were worth $1,982,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its holdings in Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after purchasing an additional 792,849 shares during the period. Creative Planning increased its holdings in shares of Deckers Outdoor by 492.5% in the 3rd quarter. Creative Planning now owns 30,093 shares of the textile maker’s stock valued at $4,798,000 after purchasing an additional 25,014 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Deckers Outdoor by 549.5% during the third quarter. Bleakley Financial Group LLC now owns 1,390 shares of the textile maker’s stock worth $222,000 after purchasing an additional 1,176 shares during the last quarter. Blue Trust Inc. grew its stake in Deckers Outdoor by 56.6% in the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock valued at $117,000 after acquiring an additional 266 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Deckers Outdoor by 546.4% during the 3rd quarter. Raymond James & Associates now owns 123,218 shares of the textile maker’s stock worth $19,647,000 after purchasing an additional 104,155 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $150.14 on Friday. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.75 and a beta of 1.07. The stock’s 50 day moving average price is $195.11 and its 200 day moving average price is $149.36. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on DECK. UBS Group lifted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was 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 of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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.