Panview Capital Ltd Buys Shares of 283,900 Deckers Outdoor Co. (NYSE:DECK)

Panview Capital Ltd bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, Holdings Channel reports. The firm bought 283,900 shares of the textile maker’s stock, valued at approximately $57,657,000. Deckers Outdoor makes up 12.3% of Panview Capital Ltd’s investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors also recently modified their holdings of the stock. Resonant Capital Advisors LLC lifted its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after purchasing an additional 64 shares during the last quarter. WD Rutherford LLC lifted its stake in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 7th. KeyCorp lifted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays lifted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. 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 report on Friday, January 31st. Finally, Robert W. Baird lifted their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $146.48 on Friday. The company’s 50 day simple moving average is $193.91 and its 200 day simple moving average is $151.09. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The firm has a market capitalization of $22.23 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.68 and a beta of 1.07.

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

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Company 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.