Readystate Asset Management LP Boosts Holdings in Deckers Outdoor Co. (NYSE:DECK)

Readystate Asset Management LP lifted its stake in Deckers Outdoor Co. (NYSE:DECK) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,160 shares of the textile maker’s stock after purchasing an additional 260 shares during the quarter. Readystate Asset Management LP’s holdings in Deckers Outdoor were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its position in Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares during the period. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 over the last three months. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of recent research reports. Raymond James boosted their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Wedbush reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Barclays began coverage on Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective for the company. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average target price of $890.93.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $6.20 during midday trading on Thursday, reaching $813.00. 308,467 shares of the stock traded hands, compared to its average volume of 436,285. The stock has a market capitalization of $20.87 billion, a PE ratio of 29.26, a P/E/G ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The company’s 50 day moving average is $886.18 and its 200 day moving average is $732.82.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $10.48 earnings per share. As a group, equities analysts forecast that Deckers Outdoor Co. will post 26.87 EPS for the current year.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.