Sanctuary Advisors LLC Acquires 31,886 Shares of Deckers Outdoor Co. (NYSE:DECK)

Sanctuary Advisors LLC increased its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 611.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,105 shares of the textile maker’s stock after purchasing an additional 31,886 shares during the quarter. Sanctuary Advisors LLC’s holdings in Deckers Outdoor were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DECK. Anchor Investment Management LLC lifted its position in Deckers Outdoor by 500.0% during the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 420 shares during the period. Passumpsic Savings Bank raised its stake in Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker’s stock valued at $4,352,000 after buying an additional 22,572 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Deckers Outdoor by 447.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker’s stock valued at $152,000 after buying an additional 779 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Deckers Outdoor by 589.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,556 shares of the textile maker’s stock worth $563,000 after buying an additional 3,040 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Deckers Outdoor by 466.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker’s stock worth $2,246,000 after acquiring an additional 11,600 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 0.4 %

Shares of DECK stock opened at $210.38 on Wednesday. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a twelve month low of $108.65 and a twelve month high of $213.03. The stock has a fifty day simple moving average of $177.93 and a two-hundred day simple moving average of $94.34.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DECK. Guggenheim initiated coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating on the stock. TD Cowen raised their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. KeyCorp upped their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC lifted their price target on shares of Deckers Outdoor from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $158.59.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,234 shares of company stock worth $15,248,513. Corporate insiders own 0.40% of the company’s stock.

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.