BankPlus Trust Department Invests $82,000 in Deckers Outdoor Co. (NYSE:DECK)

BankPlus Trust Department purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 402 shares of the textile maker’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Crestwood Advisors Group LLC boosted its position in Deckers Outdoor by 4.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker’s stock valued at $629,000 after purchasing an additional 137 shares in the last quarter. Sigma Investment Counselors Inc. bought a new stake in Deckers Outdoor during the fourth quarter valued at about $3,143,000. MONECO Advisors LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $234,000. Panview Capital Ltd bought a new stake in Deckers Outdoor during the fourth quarter valued at about $57,657,000. Finally, Sigma Planning Corp bought a new stake in Deckers Outdoor during the fourth quarter valued at about $294,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 4.5 %

Shares of NYSE:DECK opened at $139.98 on Tuesday. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.68 and a beta of 1.07. The business has a 50-day moving average price of $192.49 and a 200-day moving average price of $152.80.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp raised their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Barclays increased their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Robert W. Baird increased their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $197.41.

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.