5,252 Shares in Deckers Outdoor Co. (NYSE:DECK) Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC bought a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,252 shares of the textile maker’s stock, valued at approximately $1,067,000.

A number of other hedge funds have also recently bought and sold shares of DECK. Private Advisor Group LLC grew its holdings in Deckers Outdoor by 152.5% during the second quarter. Private Advisor Group LLC now owns 760 shares of the textile maker’s stock worth $736,000 after acquiring an additional 459 shares during the period. Acadian Asset Management LLC increased its stake in Deckers Outdoor by 2,234.5% in the 2nd quarter. Acadian Asset Management LLC now owns 677 shares of the textile maker’s stock worth $655,000 after purchasing an additional 648 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Deckers Outdoor by 11.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,697 shares of the textile maker’s stock worth $11,599,000 after purchasing an additional 1,223 shares in the last quarter. Federated Hermes Inc. increased its stake in Deckers Outdoor by 126.5% in the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after purchasing an additional 129 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Deckers Outdoor by 10.9% in the 2nd quarter. Parallel Advisors LLC now owns 943 shares of the textile maker’s stock worth $913,000 after purchasing an additional 93 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. KeyCorp lifted their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Guggenheim started coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Stifel Nicolaus lifted their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. TD Cowen lifted their target price on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.76.

Deckers Outdoor Stock Performance

DECK opened at $206.09 on Wednesday. The business has a 50 day moving average price of $197.00 and a 200 day moving average price of $120.69. Deckers Outdoor Co. has a twelve month low of $117.02 and a twelve month high of $214.70. The firm has a market cap of $31.31 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at $26,781,300. The trade was a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 in the last three months. Company insiders own 0.40% of the company’s stock.

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