Highland Capital Management LLC Acquires Shares of 16,971 Deckers Outdoor Corporation $DECK

Key Points

• Highland Capital Management acquired a new stake of 16,971 shares in Deckers Outdoor (NYSE:DECK) during Q4, valued at about $1.76 million.
• Institutional ownership is very high at 97.79%, while insiders have sold 9,092 shares (~$1.05 million) in the past 90 days and now own just 0.40% of the company.
• Wall Street consensus is an average rating of "Hold" with an average target price of $126.35, following several recent analyst downgrades and mixed revisions.

Highland Capital Management LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,971 shares of the textile maker's stock, valued at approximately $1,759,000.

A number of other large investors have also recently made changes to their positions in DECK. Geneos Wealth Management Inc. lifted its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after buying an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Deckers Outdoor in the third quarter valued at $30,000. Rakuten Securities Inc. lifted its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares in the last quarter. Activest Wealth Management lifted its stake in shares of Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock valued at $34,000 after buying an additional 245 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $40,000. 97.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of recent research reports. Robert W. Baird lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 7th. Raymond James Financial lowered shares of Deckers Outdoor from a "strong-buy" rating to an "outperform" rating and set a $133.00 price objective on the stock. in a research note on Thursday, April 23rd. BTIG Research reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 30th. KGI Securities raised shares of Deckers Outdoor from a "hold" rating to an "outperform" rating and set a $129.00 price target on the stock in a research report on Friday, January 30th. Finally, Zacks Research lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $126.35.

Deckers Outdoor Price Performance

DECK opened at $98.52 on Wednesday. The company's 50-day moving average is $105.70 and its 200 day moving average is $101.24. Deckers Outdoor Corporation has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The firm has a market capitalization of $13.98 billion, a P/E ratio of 13.91, a PEG ratio of 2.10 and a beta of 1.14.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the sale, the director owned 25,026 shares of the company's stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robin Spring-Green sold 347 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,092 shares of company stock valued at $1,048,552. Company insiders own 0.40% of the company's stock.

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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