Alcosta Capital Management Inc. Sells 153 Shares of Deckers Outdoor Co. (NYSE:DECK)

Alcosta Capital Management Inc. reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,612 shares of the textile maker’s stock after selling 153 shares during the quarter. Deckers Outdoor comprises about 2.4% of Alcosta Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Alcosta Capital Management Inc.’s holdings in Deckers Outdoor were worth $2,523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT grew its holdings in shares of Deckers Outdoor by 2.8% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 978 shares of the textile maker’s stock valued at $440,000 after purchasing an additional 27 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Deckers Outdoor by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,099 shares of the textile maker’s stock valued at $2,834,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Deckers Outdoor by 28.3% during the 4th quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Deckers Outdoor by 1.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,807 shares of the textile maker’s stock valued at $812,000 after purchasing an additional 33 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Deckers Outdoor by 100.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock worth $32,000 after acquiring an additional 36 shares during the last quarter. 95.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Deckers Outdoor from $535.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Wedbush boosted their target price on shares of Deckers Outdoor from $505.00 to $614.00 in a report on Wednesday, July 26th. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $425.00 to $480.00 in a report on Friday, May 26th. Finally, UBS Group boosted their target price on shares of Deckers Outdoor from $715.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $577.64.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded up $10.64 during trading on Thursday, reaching $529.51. 768,959 shares of the company traded hands, compared to its average volume of 399,749. Deckers Outdoor Co. has a 1-year low of $298.61 and a 1-year high of $568.47. The company has a 50 day moving average price of $539.98 and a 200-day moving average price of $486.21. The firm has a market capitalization of $13.84 billion, a PE ratio of 26.26, a P/E/G ratio of 1.30 and a beta of 0.92.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.25. Deckers Outdoor had a net margin of 14.33% and a return on equity of 30.85%. The company had revenue of $675.79 million for the quarter, compared to the consensus estimate of $666.95 million. During the same quarter in the previous year, the company earned $1.66 EPS. Deckers Outdoor’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 22.4 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Caroti Stefano sold 7,408 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the transaction, the insider now owns 45,142 shares in the company, valued at $22,119,580. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Deckers Outdoor news, insider Caroti Stefano sold 7,408 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the transaction, the insider now owns 45,142 shares in the company, valued at $22,119,580. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Powers sold 6,400 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $477.87, for a total transaction of $3,058,368.00. Following the completion of the sale, the chief executive officer now owns 80,100 shares of the company’s stock, valued at approximately $38,277,387. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,808 shares of company stock worth $8,166,988. Insiders own 0.70% of the company’s stock.

About Deckers Outdoor

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.