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

Crestwood Advisors Group LLC grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,097 shares of the textile maker’s stock after buying an additional 137 shares during the period. Crestwood Advisors Group LLC’s holdings in Deckers Outdoor were worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC grew its stake 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 purchasing an additional 135 shares during the period. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the third 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 period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the fourth quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $143.04 on Wednesday. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The business’s 50-day moving average is $191.14 and its two-hundred day moving average is $153.64. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. Equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Truist Financial cut their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Barclays increased their target price on 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.