Crestwood Advisors Group LLC Acquires Shares of 371 Deckers Outdoor Co. (NYSE:DECK)

Crestwood Advisors Group LLC acquired a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 371 shares of the textile maker’s stock, valued at approximately $248,000.

A number of other institutional investors also recently added to or reduced their stakes in DECK. Morgan Stanley boosted its stake in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after acquiring an additional 527,546 shares in the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the 4th quarter valued at $94,813,000. Alliancebernstein L.P. raised its holdings in Deckers Outdoor by 205.2% in the 2nd quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock valued at $134,988,000 after acquiring an additional 171,999 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Deckers Outdoor by 83.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock valued at $92,657,000 after acquiring an additional 164,730 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Deckers Outdoor in the 3rd quarter valued at $72,727,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DECK shares. UBS Group upped their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. KeyCorp started coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective for the company. Stifel Nicolaus upped their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Barclays started coverage on Deckers Outdoor in a report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective for the company. Finally, Truist Financial restated a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $870.93.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total value of $3,055,911.84. Following the sale, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 24,471 shares of company stock valued at $21,290,792 in the last ninety days. Insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $815.38 on Tuesday. The firm has a 50-day moving average of $886.73 and a two-hundred day moving average of $730.11. The stock has a market cap of $20.93 billion, a P/E ratio of 29.33, a PEG ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $10.48 EPS. As a group, equities analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

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.