209 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Larson Financial Group LLC

Larson Financial Group LLC purchased a new position in Deckers Outdoor Co. (NYSE:DECK) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 209 shares of the textile maker’s stock, valued at approximately $197,000.

A number of other institutional investors have also recently bought and sold shares of DECK. Handelsbanken Fonder AB boosted its position in Deckers Outdoor by 12.4% during the 4th quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after acquiring an additional 600 shares during the period. Intrust Bank NA lifted its holdings in shares of Deckers Outdoor by 1.3% during the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after buying an additional 38 shares during the last quarter. Cim LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $2,311,000. Advisor Resource Council acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $970,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $2,271,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 4.8 %

DECK traded down $45.26 during midday trading on Wednesday, hitting $893.79. 627,080 shares of the company were exchanged, compared to its average volume of 396,386. The firm has a market capitalization of $22.74 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.18 and a beta of 1.06. Deckers Outdoor Co. has a 1-year low of $484.02 and a 1-year high of $1,106.89. The firm’s 50 day moving average price is $965.21 and its 200-day moving average price is $874.06.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The business had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.46 EPS. On average, sell-side analysts predict that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Caroti Stefano sold 5,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the transaction, the insider now owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold 28,101 shares of company stock worth $28,858,562 in the last 90 days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several research reports. TD Cowen lifted their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a report on Friday, May 24th. Truist Financial raised Deckers Outdoor from a “hold” rating to a “buy” rating and raised their price objective for the company from $1,011.00 to $1,200.00 in a research note on Tuesday, May 28th. Wells Fargo & Company raised their price objective on Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Wedbush raised their price objective on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, UBS Group raised their price objective on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,023.44.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.