Running Oak Capital LLC Invests $7.74 Million in Deckers Outdoor Co. (NYSE:DECK)

Running Oak Capital LLC bought a new stake in Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,580 shares of the textile maker’s stock, valued at approximately $7,740,000.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings 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 buying an additional 51 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after buying an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $80,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. Barclays assumed coverage on Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price target on the stock. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Wells Fargo & Company upped their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Finally, Bank of America cut Deckers Outdoor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $875.00 to $860.00 in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Insiders Place Their Bets

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 value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the transaction, the chief financial officer now owns 29,291 shares in the company, valued at $24,733,320.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock traded up $13.15 during midday trading on Thursday, hitting $832.63. The company had a trading volume of 195,194 shares, compared to its average volume of 421,360. The company’s 50 day simple moving average is $879.96 and its 200 day simple moving average is $755.06. Deckers Outdoor Co. has a 52-week low of $424.36 and a 52-week high of $956.17. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.45 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $10.48 earnings per share. Analysts anticipate that Deckers Outdoor Co. will post 26.89 EPS for the current year.

Deckers Outdoor Company Profile

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.