NorthCrest Asset Manangement LLC Makes New Investment in Deckers Outdoor Corporation $DECK

NorthCrest Asset Manangement LLC bought a new stake in Deckers Outdoor Corporation (NYSE:DECK) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,185 shares of the textile maker’s stock, valued at approximately $669,000.

Other large investors also recently modified their holdings of the company. American National Bank & Trust lifted its stake in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor in the 3rd quarter worth about $30,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider owned 80,449 shares in the company, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,092 shares of company stock valued at $1,048,552 over the last quarter. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on DECK. Robert W. Baird lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Telsey Advisory Group reissued a “market perform” rating and set a $120.00 price objective (up from $105.00) on shares of Deckers Outdoor in a report on Monday, January 26th. Argus upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. UBS Group reissued a “buy” rating and set a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $125.20.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $101.18 on Wednesday. The firm has a market cap of $14.36 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. The business has a 50 day moving average price of $108.62 and a 200-day moving average price of $101.99. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.00 EPS. Research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.