Suncoast Equity Management Acquires 894 Shares of Deckers Outdoor Co. (NYSE:DECK)

Suncoast Equity Management increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 10.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,761 shares of the textile maker’s stock after purchasing an additional 894 shares during the quarter. Suncoast Equity Management’s holdings in Deckers Outdoor were worth $1,982,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DECK. FMR LLC grew its holdings in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp raised its position in shares of Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares during the period. Geode Capital Management LLC increased its position in shares of Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Deckers Outdoor by 529.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.6 %

NYSE DECK opened at $150.14 on Friday. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The stock’s 50 day moving average is $195.11 and its 200 day moving average is $149.36. The firm has a market capitalization of $22.79 billion, a PE ratio of 24.34, a P/E/G ratio of 1.75 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 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their position. 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 the company’s 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 completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. TD Cowen increased their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup raised shares of 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. Truist Financial lowered their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price 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.