Deckers Outdoor Corporation $DECK Shares Bought by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC boosted its holdings in shares of Deckers Outdoor Corporation (NYSE:DECK) by 102.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,508 shares of the textile maker’s stock after buying an additional 4,810 shares during the quarter. Coyle Financial Counsel LLC’s holdings in Deckers Outdoor were worth $964,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DECK. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 2.7% during the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock worth $454,662,000 after purchasing an additional 114,779 shares during the last quarter. Invesco Ltd. grew its position in Deckers Outdoor by 19.4% during the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock worth $286,660,000 after purchasing an additional 452,081 shares during the period. Norges Bank purchased a new position in shares of Deckers Outdoor during the 2nd quarter valued at about $223,036,000. Federated Hermes Inc. raised its stake in shares of Deckers Outdoor by 46.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock valued at $175,800,000 after buying an additional 541,657 shares during the last quarter. Finally, Tredje AP fonden lifted its holdings in shares of Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after buying an additional 1,077,965 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, insider Robin Spring-Green sold 347 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total value of $39,481.66. Following the transaction, the insider owned 42,461 shares in the company, valued at $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. This represents a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $118.70 on Friday. The firm has a fifty day moving average of $106.63 and a 200 day moving average of $102.52. The firm has a market cap of $16.85 billion, a PE ratio of 16.77, a PEG ratio of 2.69 and a beta of 1.16. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $151.33.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $3.00 earnings per share. On average, equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

DECK has been the topic of several analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Guggenheim assumed coverage on shares of Deckers Outdoor in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Citigroup reissued a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Zacks Research raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.20.

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.