Eagle Bay Advisors LLC Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

Eagle Bay Advisors LLC boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 687.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 520 shares of the textile maker’s stock after acquiring an additional 454 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Deckers Outdoor were worth $106,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DECK. City Center Advisors LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter worth $575,000. Czech National Bank lifted its position in Deckers Outdoor by 6.1% during the fourth quarter. Czech National Bank now owns 32,940 shares of the textile maker’s stock valued at $6,690,000 after purchasing an additional 1,882 shares in the last quarter. RMR Wealth Builders purchased a new position in Deckers Outdoor during the fourth quarter valued at $383,000. Fortitude Family Office LLC grew its holdings in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 198 shares during the period. Finally, First Hawaiian Bank increased its position in Deckers Outdoor by 4.2% in the fourth quarter. First Hawaiian Bank now owns 24,556 shares of the textile maker’s stock worth $4,987,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.3 %

DECK stock opened at $204.77 on Tuesday. The company has a fifty day simple moving average of $196.15 and a two-hundred day simple moving average of $119.42. Deckers Outdoor Co. has a 52 week low of $117.02 and a 52 week high of $214.70. The firm has a market capitalization of $31.11 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

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

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DECK. TD Cowen boosted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays raised their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Guggenheim started coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating for the company. Finally, Telsey Advisory Group raised their price target on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $164.76.

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.