HighTower Advisors LLC Has $34.05 Million Holdings in Deckers Outdoor Corporation $DECK

HighTower Advisors LLC raised its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 465.4% in the third quarter, Holdings Channel reports. The fund owned 335,864 shares of the textile maker’s stock after acquiring an additional 276,459 shares during the period. HighTower Advisors LLC’s holdings in Deckers Outdoor were worth $34,047,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DECK. Cookson Peirce & Co. Inc. acquired a new stake in shares of Deckers Outdoor during the third quarter worth about $342,000. Metis Global Partners LLC increased its stake in Deckers Outdoor by 4.8% during the 3rd quarter. Metis Global Partners LLC now owns 9,204 shares of the textile maker’s stock worth $933,000 after purchasing an additional 423 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Deckers Outdoor by 10.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,725 shares of the textile maker’s stock worth $1,290,000 after buying an additional 1,244 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Deckers Outdoor by 5.1% in the third quarter. Illinois Municipal Retirement Fund now owns 129,945 shares of the textile maker’s stock valued at $13,173,000 after buying an additional 6,265 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Deckers Outdoor by 3.2% in the third quarter. Advisors Asset Management Inc. now owns 15,062 shares of the textile maker’s stock valued at $1,527,000 after buying an additional 460 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group reiterated a “sell” rating and set a $92.00 target price (up previously from $81.00) on shares of Deckers Outdoor in a report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.20.

Deckers Outdoor Stock Up 1.3%

NYSE DECK opened at $117.20 on Wednesday. The firm has a 50-day moving average price of $105.59 and a two-hundred day moving average price of $102.20. Deckers Outdoor Corporation has a 12-month low of $78.91 and a 12-month high of $156.60. The company has a market capitalization of $16.64 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.64 and a beta of 1.16.

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

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.