Prudent Man Advisors LLC Has $617,000 Holdings in Deckers Outdoor Co. (NYSE:DECK)

Prudent Man Advisors LLC lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,170 shares of the textile maker’s stock after selling 23 shares during the quarter. Prudent Man Advisors LLC’s holdings in Deckers Outdoor were worth $617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its holdings in shares of Deckers Outdoor by 2.0% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,149 shares of the textile maker’s stock valued at $606,000 after purchasing an additional 23 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Deckers Outdoor by 3.6% in the 1st quarter. CIBC Asset Management Inc now owns 728 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 25 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in shares of Deckers Outdoor by 2.8% in 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 period. Janiczek Wealth Management LLC increased its holdings in shares of Deckers Outdoor by 64.3% in the 2nd quarter. Janiczek Wealth Management LLC now owns 69 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 27 shares during the period. Finally, Chase Investment Counsel Corp increased its holdings in shares of Deckers Outdoor by 0.5% in the 2nd quarter. Chase Investment Counsel Corp now owns 5,753 shares of the textile maker’s stock valued at $3,035,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK traded up $4.20 during mid-day trading on Monday, hitting $624.71. The company’s stock had a trading volume of 26,769 shares, compared to its average volume of 396,281. Deckers Outdoor Co. has a one year low of $361.34 and a one year high of $638.00. The firm has a market capitalization of $16.07 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.50 and a beta of 0.95. The stock’s 50-day moving average is $543.13 and its two-hundred day moving average is $526.67.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $6.82 earnings per share for the quarter, beating the consensus estimate of $4.41 by $2.41. Deckers Outdoor had a return on equity of 33.96% and a net margin of 15.51%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $960.54 million. During the same period in the prior year, the business earned $3.80 earnings per share. Deckers Outdoor’s revenue for the quarter was up 24.7% compared to the same quarter last year. Analysts expect that Deckers Outdoor Co. will post 23.4 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas Garcia sold 7,192 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $562.50, for a total value of $4,045,500.00. Following the completion of the transaction, the insider now directly owns 16,457 shares in the company, valued at $9,257,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Thomas Garcia sold 7,192 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $562.50, for a total value of $4,045,500.00. Following the completion of the transaction, the insider now directly owns 16,457 shares in the company, valued at $9,257,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael F. Devine III sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $587.00, for a total value of $2,348,000.00. Following the completion of the transaction, the director now owns 8,088 shares of the company’s stock, valued at $4,747,656. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,787 shares of company stock valued at $8,251,144. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DECK shares. Piper Sandler downgraded Deckers Outdoor from an “overweight” rating to a “neutral” rating and upped their target price for the company from $620.00 to $650.00 in a report on Thursday. StockNews.com assumed coverage on Deckers Outdoor in a report on Thursday, October 5th. They issued a “hold” rating on the stock. BTIG Research increased their price objective on Deckers Outdoor from $640.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, October 27th. TD Cowen increased their price objective on Deckers Outdoor from $564.00 to $618.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $600.00 price objective on shares of Deckers Outdoor in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $604.43.

Deckers Outdoor Company 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.