Penobscot Investment Management Company Inc. Buys 1,300 Shares of Deckers Outdoor Co. (NYSE:DECK)

Penobscot Investment Management Company Inc. boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,605 shares of the textile maker's stock after purchasing an additional 1,300 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Deckers Outdoor were worth $2,410,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DECK. V Square Quantitative Management LLC raised its holdings in Deckers Outdoor by 7.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker's stock valued at $119,000 after acquiring an additional 16 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker's stock valued at $62,000 after acquiring an additional 16 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker's stock valued at $2,967,000 after acquiring an additional 19 shares in the last quarter. Flputnam Investment Management Co. raised its holdings in shares of Deckers Outdoor by 2.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker's stock worth $389,000 after buying an additional 21 shares in the last quarter. Finally, Alcosta Capital Management Inc. raised its holdings in shares of Deckers Outdoor by 0.4% in the 3rd quarter. Alcosta Capital Management Inc. now owns 5,624 shares of the textile maker's stock worth $2,891,000 after buying an additional 25 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares of the company's stock, valued at $24,733,320.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares of the company's stock, valued at $24,733,320.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock valued at $26,229,683 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Performance

DECK stock traded down $13.96 during midday trading on Tuesday, hitting $818.47. 289,883 shares of the company's stock were exchanged, compared to its average volume of 425,676. The stock's fifty day moving average price is $881.65 and its 200-day moving average price is $752.31. The company has a market cap of $21.01 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $10.48 earnings per share. The company's revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect that Deckers Outdoor Co. will post 26.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI began coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an "outperform" rating and a $960.00 price target for the company. Wedbush reiterated an "outperform" rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, April 10th. UBS Group increased their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Bank of America lowered Deckers Outdoor from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $875.00 to $860.00 in a research report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price target on Deckers Outdoor from $709.00 to $775.00 and gave the stock a "hold" rating in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $889.00.

About Deckers Outdoor

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.