Caprock Group LLC Has $1.26 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Caprock Group LLC decreased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,218 shares of the textile maker’s stock after selling 243 shares during the period. Caprock Group LLC’s holdings in Deckers Outdoor were worth $1,263,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares during the period. Finally, Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $177.85 on Monday. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08. The business’s 50-day moving average price is $205.90 and its two-hundred day moving average price is $137.68. Deckers Outdoor Co. has a 1 year low of $125.15 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Sell-side analysts anticipate that Deckers Outdoor Co. will post 5.62 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock worth $13,506,861 in the last three months. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DECK. Bank of America lifted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday. TD Cowen lifted their target price 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. Finally, Barclays increased their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

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