Silver Oak Securities Incorporated Purchases New Holdings in Deckers Outdoor Co. (NYSE:DECK)

Silver Oak Securities Incorporated acquired a new position in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,304 shares of the textile maker’s stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Solstein Capital LLC grew its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $168.18 on Friday. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The business has a fifty day moving average price of $204.11 and a 200-day moving average price of $140.18. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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%. On average, equities research analysts expect that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated 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 owns 259,266 shares in the company, valued at $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. In the last 90 days, insiders have sold 55,956 shares of company stock worth $10,387,731. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on DECK shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America boosted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.