Pallas Capital Advisors LLC Buys New Position in Deckers Outdoor Corporation $DECK

Pallas Capital Advisors LLC bought a new stake in shares of Deckers Outdoor Corporation (NYSE:DECK) in the fourth quarter, Holdings Channel.com reports. The fund bought 9,332 shares of the textile maker’s stock, valued at approximately $967,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust lifted its position in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC boosted its stake in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor during the third quarter worth $30,000. Finally, Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second 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. Institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company’s stock, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,092 shares of company stock valued at $1,048,552 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 1.1%

NYSE:DECK opened at $95.04 on Tuesday. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.15 and a beta of 1.15. The firm has a fifty day simple moving average of $108.16 and a two-hundred day simple moving average of $101.42. Deckers Outdoor Corporation has a 12 month low of $78.91 and a 12 month high of $133.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. The firm 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.00 earnings per share. Equities analysts predict that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of research analyst reports. Guggenheim started coverage on shares of Deckers Outdoor in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Stifel Nicolaus boosted their price objective on Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 30th. UBS Group restated a “buy” rating and set a $161.00 target price (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $120.00 target price (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $125.20.

About Deckers Outdoor

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.