Ocean Capital Management LLC Has $11.31 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Ocean Capital Management LLC lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,917 shares of the textile maker’s stock after selling 1,857 shares during the period. Deckers Outdoor comprises approximately 4.6% of Ocean Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Ocean Capital Management LLC owned 0.07% of Deckers Outdoor worth $11,308,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DECK. Anchor Investment Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 51 shares during the last quarter. West Oak Capital LLC grew its position in shares of Deckers Outdoor by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock valued at $51,000 after acquiring an additional 50 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $80,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DECK has been the subject of a number of research analyst reports. Citigroup cut Deckers Outdoor from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $665.00 to $710.00 in a report on Friday, December 8th. Robert W. Baird boosted their target price on Deckers Outdoor from $650.00 to $750.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Evercore ISI started coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, KeyCorp began coverage on shares of Deckers Outdoor in a research report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $862.36.

Deckers Outdoor Trading Up 0.3 %

Shares of DECK stock opened at $941.18 on Friday. The stock has a 50 day simple moving average of $864.87 and a 200 day simple moving average of $698.05. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The stock has a market cap of $24.16 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01.

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

Insider Buying and Selling at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauri M. Shanahan sold 3,672 shares of Deckers Outdoor stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total value of $3,055,911.84. Following the completion of the transaction, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The disclosure for this sale can be found here. Insiders have sold a total of 42,449 shares of company stock valued at $34,172,388 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

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.