Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC decreased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,303 shares of the textile maker’s stock after selling 186 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Deckers Outdoor were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DECK. Sunbelt Securities Inc. raised its position in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after purchasing an additional 19 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Deckers Outdoor by 5.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after buying an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares during the period. Evergreen Capital Management LLC grew its position in shares of Deckers Outdoor by 5.7% during the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after acquiring an additional 27 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Deckers Outdoor by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock worth $1,609,000 after acquiring an additional 34 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $204.77 on Tuesday. The firm has a market cap of $31.11 billion, a PE ratio of 36.01, a P/E/G ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a 12 month low of $117.02 and a 12 month high of $214.70. The firm has a 50 day simple moving average of $196.15 and a 200 day simple moving average of $119.42.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were 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 $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 in the last quarter. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DECK shares. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Telsey Advisory Group boosted their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America raised their target price on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Guggenheim began coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Finally, Piper Sandler set a $166.00 price target on Deckers Outdoor in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.76.

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.