Capital Investment Counsel Inc Buys 24,200 Shares of Deckers Outdoor Corporation $DECK

Key Points

• Capital Investment Counsel Inc raised its stake in Deckers by 77.6%, buying an additional 24,200 shares to hold 55,382 shares worth $5.741 million, making DECK its 28th largest holding.
• Deckers beat quarterly expectations with EPS $3.33 vs. $2.77 consensus and $1.96B in revenue, and the stock has a consensus analyst rating of "Moderate Buy" with a $125.20 target.
• Insiders sold 9,092 shares (~$1.05M) in the past 90 days even as institutional ownership remains very high at 97.79%, showing strong institutional interest despite recent insider reductions.

Capital Investment Counsel Inc raised its stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,382 shares of the textile maker's stock after purchasing an additional 24,200 shares during the period. Deckers Outdoor accounts for 0.7% of Capital Investment Counsel Inc's holdings, making the stock its 28th biggest holding. Capital Investment Counsel Inc's holdings in Deckers Outdoor were worth $5,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DECK. Revolve Wealth Partners LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker's stock valued at $1,858,000 after purchasing an additional 522 shares in the last quarter. Empowered Funds LLC increased its stake in Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker's stock valued at $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth increased its stake in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker's stock valued at $773,000 after purchasing an additional 521 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker's stock valued at $1,062,000 after purchasing an additional 6,391 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $113.78, for a total value of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares of the company's stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the sale, the director directly owned 25,026 shares of the company's stock, valued at $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,092 shares of company stock valued at $1,048,552. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $107.87 on Monday. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $133.43. The firm has a 50-day moving average of $108.24 and a 200-day moving average of $100.59. The company has a market cap of $15.31 billion, a PE ratio of 15.24, a PEG ratio of 2.31 and a beta of 1.21.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm posted $3.00 EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DECK. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 27th. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a research note on Friday, January 30th. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Wells Fargo & Company set a $110.00 target price on shares of Deckers Outdoor and gave the stock an "equal weight" rating in a research report on Friday, January 30th. Finally, Piper Sandler reissued an "underweight" rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.20.

Deckers Outdoor Profile

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.

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