Tiemann Investment Advisors LLC Acquires 135 Shares of Deckers Outdoor Co. (NYSE:DECK)

Tiemann Investment Advisors LLC lifted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 9.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,503 shares of the textile maker’s stock after acquiring an additional 135 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Deckers Outdoor were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Taika Capital LP acquired a new stake in Deckers Outdoor during the 4th quarter valued at $800,000. OFI Invest Asset Management acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at $43,993,000. Amundi raised its position in shares of Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after purchasing an additional 108,054 shares during the period. Naviter Wealth LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $297,000. Finally, HM Payson & Co. bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $244,000. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,574 shares of company stock valued at $6,485,189. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Down 3.9 %

Shares of DECK opened at $126.81 on Monday. The business’s fifty day moving average is $179.75 and its 200 day moving average is $159.83. Deckers Outdoor Co. has a 12-month low of $122.61 and a 12-month high of $223.98. The stock has a market cap of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10.

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

Analyst Ratings Changes

Several brokerages have issued reports on DECK. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. UBS Group lifted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Barclays increased their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Company Profile

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.