Manchester Capital Management LLC Has $364,000 Stake in Deckers Outdoor Co. (NYSE:DECK)

Manchester Capital Management LLC increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 38,600.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 387 shares of the textile maker’s stock after purchasing an additional 386 shares during the period. Manchester Capital Management LLC’s holdings in Deckers Outdoor were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DECK. TD Asset Management Inc grew its position in shares of Deckers Outdoor by 191.1% in the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares during the period. Norges Bank bought a new stake in Deckers Outdoor in the fourth quarter valued at approximately $196,814,000. Epoch Investment Partners Inc. lifted its position in shares of Deckers Outdoor by 90.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after buying an additional 102,882 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Deckers Outdoor by 32.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock worth $122,817,000 after acquiring an additional 44,942 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Deckers Outdoor by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,873 shares of the textile maker’s stock valued at $115,553,000 after acquiring an additional 1,954 shares during the period. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the sale, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the completion of the transaction, the insider now owns 3,779 shares in the company, valued at approximately $4,073,497.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 10,955 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the sale, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,101 shares of company stock worth $28,858,562. 0.70% of the stock is owned by company insiders.

Deckers Outdoor Trading Up 2.1 %

DECK stock traded up $18.22 during trading on Friday, hitting $906.86. The company had a trading volume of 68,925 shares, compared to its average volume of 394,674. Deckers Outdoor Co. has a one year low of $484.02 and a one year high of $1,106.89. The business has a 50-day moving average of $967.82 and a 200-day moving average of $874.30. The stock has a market cap of $23.07 billion, a PE ratio of 30.34, a PEG ratio of 2.99 and a beta of 1.06.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. The business had revenue of $959.76 million during the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $3.46 earnings per share. Research analysts forecast that Deckers Outdoor Co. will post 30.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen boosted their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a research note on Friday, May 24th. UBS Group boosted their price target 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. Robert W. Baird raised their target price on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Citigroup boosted their target price on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,023.44.

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.