Atomi Financial Group Inc. Buys 82 Shares of Deckers Outdoor Co. (NYSE:DECK)

Atomi Financial Group Inc. boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,345 shares of the textile maker’s stock after purchasing an additional 82 shares during the period. Atomi Financial Group Inc.’s holdings in Deckers Outdoor were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DECK. Sunbelt Securities Inc. lifted its position in Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after purchasing an additional 23 shares during the last quarter. Algert Global LLC grew its stake in shares of Deckers Outdoor by 23.0% during the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock valued at $414,000 after acquiring an additional 80 shares during the period. Chase Investment Counsel Corp raised its position in shares of Deckers Outdoor by 2.7% during the second quarter. Chase Investment Counsel Corp now owns 4,130 shares of the textile maker’s stock valued at $3,997,000 after buying an additional 107 shares during the last quarter. Finally, Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the transaction, the chief executive officer now owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent analyst reports. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Evercore ISI lifted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price target on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $182.20.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $216.90 on Monday. Deckers Outdoor Co. has a 1-year low of $125.15 and a 1-year high of $218.92. The company has a market cap of $32.95 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The stock’s 50-day moving average is $203.00 and its two-hundred day moving average is $131.17.

Deckers Outdoor (NYSE:DECK) last issued 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $1.14 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.