Pallas Capital Advisors LLC Buys Shares of 9,332 Deckers Outdoor Corporation $DECK

Pallas Capital Advisors LLC purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,332 shares of the textile maker’s stock, valued at approximately $967,000.

A number of other institutional investors also recently modified their holdings of the business. American National Bank & Trust boosted its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Transactions at Deckers Outdoor

In related news, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the sale, the insider directly owned 80,449 shares in the company, valued at $9,333,692.98. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider directly owned 42,461 shares of the company’s stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $95.04 on Tuesday. The business has a 50 day moving average of $108.16 and a 200-day moving average of $101.42. The company has a market capitalization of $13.49 billion, a P/E ratio of 13.42, a P/E/G ratio of 2.15 and a beta of 1.15. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $3.00 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research analyst reports. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Citigroup restated a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Evercore set a $108.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Truist Financial set a $132.00 price target on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.