945 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Merlin Capital Inc

Merlin Capital Inc bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 945 shares of the textile maker’s stock, valued at approximately $632,000. Deckers Outdoor accounts for approximately 2.0% of Merlin Capital Inc’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in Deckers Outdoor by 15.8% in the 4th quarter. Van ECK Associates Corp now owns 4,501 shares of the textile maker’s stock worth $3,009,000 after purchasing an additional 614 shares in the last quarter. Intrust Bank NA increased its stake in Deckers Outdoor by 1.3% in the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after purchasing an additional 38 shares in the last quarter. Choreo LLC purchased a new position in Deckers Outdoor in the 4th quarter worth about $342,000. Mather Group LLC. purchased a new position in Deckers Outdoor in the 4th quarter worth about $258,000. Finally, Retirement Systems of Alabama boosted its position in Deckers Outdoor by 13.9% during the 4th quarter. Retirement Systems of Alabama now owns 57,558 shares of the textile maker’s stock worth $38,473,000 after acquiring an additional 7,026 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Raymond James raised their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. UBS Group raised their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Truist Financial restated a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $875.00 to $860.00 in a research report on Thursday, April 25th. Finally, KeyCorp initiated coverage on Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Price Performance

DECK traded down $11.91 on Tuesday, hitting $820.52. The company had a trading volume of 80,125 shares, compared to its average volume of 423,061. The company’s fifty day moving average price is $881.65 and its 200 day moving average price is $752.31. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $10.48 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 26.89 EPS for the current year.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of the business’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 completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor 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 directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is currently owned by insiders.

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