Cerity Partners LLC Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

Cerity Partners LLC acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 646 shares of the textile maker’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $39,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $80,000. Finally, Tradewinds Capital Management LLC acquired a new position in shares of Deckers Outdoor during the third quarter worth $96,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $807.12 on Friday. The business’s 50-day moving average is $882.86 and its 200-day moving average is $744.28. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 1.47 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business earned $10.48 earnings per share. Deckers Outdoor’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DECK shares. KeyCorp started coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Evercore ISI started coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $889.00.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.