Everence Capital Management Inc. Takes $676,000 Position in Deckers Outdoor Co. (NYSE:DECK)

Everence Capital Management Inc. purchased a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,330 shares of the textile maker’s stock, valued at approximately $676,000.

A number of other institutional investors have also recently bought and sold shares of DECK. Oregon Public Employees Retirement Fund lifted its position in shares of Deckers Outdoor by 10.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 2,202 shares of the textile maker’s stock worth $2,131,000 after purchasing an additional 202 shares in the last quarter. Larson Financial Group LLC lifted its position in Deckers Outdoor by 34.9% in the 2nd quarter. Larson Financial Group LLC now owns 282 shares of the textile maker’s stock worth $273,000 after buying an additional 73 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Deckers Outdoor by 27.0% during the 2nd quarter. National Bank of Canada FI now owns 9,618 shares of the textile maker’s stock valued at $9,100,000 after buying an additional 2,042 shares during the period. Private Advisor Group LLC increased its stake in shares of Deckers Outdoor by 152.5% in the second quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock worth $736,000 after acquiring an additional 459 shares during the last quarter. Finally, Wakefield Asset Management LLLP boosted its position in Deckers Outdoor by 53.8% during the second quarter. Wakefield Asset Management LLLP now owns 3,349 shares of the textile maker’s stock valued at $3,242,000 after purchasing an additional 1,172 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent research reports. UBS Group raised their price target on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI raised their target price on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $158.59.

Deckers Outdoor Trading Up 1.3 %

Shares of NYSE:DECK opened at $207.25 on Friday. The business’s 50 day moving average is $191.11 and its 200-day moving average is $110.67. The firm has a market capitalization of $31.49 billion, a PE ratio of 36.45, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 over the last quarter. Corporate insiders own 0.40% 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.