Inspire Advisors LLC Grows Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Inspire Advisors LLC raised its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,427 shares of the textile maker’s stock after purchasing an additional 428 shares during the period. Inspire Advisors LLC’s holdings in Deckers Outdoor were worth $1,102,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake 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 valued at $3,646,539,000 after buying an additional 19,053,113 shares during the last quarter. State Street Corp grew its stake in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Deckers Outdoor by 509.1% during the third 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 during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 valued at $203,674,000 after buying an additional 1,074,263 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity

In related news, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred 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 owns 259,266 shares of the company’s stock, 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. Over the last ninety days, insiders sold 39,574 shares of company stock worth $6,485,189. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DECK. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Robert W. Baird raised their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, UBS Group raised their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $121.20 on Tuesday. The stock’s 50 day simple moving average is $178.06 and its two-hundred day simple moving average is $160.49. Deckers Outdoor Co. has a fifty-two week low of $119.30 and a fifty-two week high of $223.98. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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, analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.