Crestwood Advisors Group LLC Grows Position in Deckers Outdoor Co. (NYSE:DECK)

Crestwood Advisors Group LLC grew its stake in Deckers Outdoor Co. (NYSE:DECK) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,097 shares of the textile maker’s stock after purchasing an additional 137 shares during the period. Crestwood Advisors Group LLC’s holdings in Deckers Outdoor were worth $629,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Solstein Capital LLC lifted its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $31,000. 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. Finally, 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. 97.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business’s 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 directly owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Up 2.1 %

Shares of NYSE DECK opened at $143.04 on Wednesday. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The business has a fifty day simple moving average of $191.14 and a two-hundred day simple moving average of $153.64. The firm has a market cap of $21.71 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on DECK. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

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.