Mattern Capital Management LLC Has $3.15 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

Mattern Capital Management LLC grew its position in Deckers Outdoor Co. (NYSE:DECK) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,509 shares of the textile maker’s stock after purchasing an additional 470 shares during the quarter. Mattern Capital Management LLC’s holdings in Deckers Outdoor were worth $3,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DECK. Solstein Capital LLC grew its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its position in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. KeyCorp increased their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Finally, TD Cowen increased their price target on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK opened at $150.14 on Friday. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.75 and a beta of 1.07. The stock has a fifty day moving average of $195.11 and a 200-day moving average of $149.36.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.