Sequoia Financial Advisors LLC Grows Position in Deckers Outdoor Co. (NYSE:DECK)

Sequoia Financial Advisors LLC grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 43.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,276 shares of the textile maker’s stock after purchasing an additional 1,291 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deckers Outdoor were worth $868,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. PFG Advisors purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $354,000. HighTower Advisors LLC grew its stake in Deckers Outdoor by 13.7% during the fourth quarter. HighTower Advisors LLC now owns 56,276 shares of the textile maker’s stock worth $11,429,000 after buying an additional 6,788 shares during the period. Prosperity Wealth Management Inc. grew its stake in Deckers Outdoor by 2.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock worth $564,000 after buying an additional 75 shares during the period. Natural Investments LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $354,000. Finally, Inspire Advisors LLC grew its stake in Deckers Outdoor by 8.6% during the fourth quarter. Inspire Advisors LLC now owns 5,427 shares of the textile maker’s stock worth $1,102,000 after buying an additional 428 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE DECK opened at $118.55 on Monday. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $115.06 and a 12 month high of $223.98. The company’s fifty day moving average price is $171.26 and its two-hundred day moving average price is $163.11.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on DECK shares. Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. KeyCorp upped their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.41.

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.