NorthCrest Asset Manangement LLC Takes Position in Deckers Outdoor Corporation $DECK

NorthCrest Asset Manangement LLC acquired a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, Holdings Channel reports. The firm acquired 6,185 shares of the textile maker’s stock, valued at approximately $669,000.

Several other large investors have also recently modified their holdings of DECK. American National Bank & Trust lifted its stake in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor in the third quarter worth approximately $30,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. Evercore set a $108.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Piper Sandler reiterated an “underweight” rating and set a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Guggenheim initiated coverage on Deckers Outdoor in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the company an “equal weight” rating in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.20.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,092 shares of company stock worth $1,048,552 in the last ninety days. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Performance

DECK opened at $101.18 on Wednesday. The stock’s 50 day moving average price is $108.62 and its 200-day moving average price is $101.99. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 2.34 and a beta of 1.15. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 earnings per share. As a group, analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well?known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct?to?consumer retail to serve both fashion?focused and performance?oriented customers.

Founded in 1973 by Doug Otto and Karl F.