Running Oak Capital LLC Buys New Position in Deckers Outdoor Co. (NYSE:DECK)

Running Oak Capital LLC bought a new stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,580 shares of the textile maker's stock, valued at approximately $7,740,000.

Several other large investors have also recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker's stock valued at $42,000 after acquiring an additional 51 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Deckers Outdoor by 20.8% during 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 during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Deckers Outdoor during the 4th quarter valued at $80,000. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Stock Up 1.6 %

Shares of NYSE DECK traded up $13.15 during mid-day trading on Thursday, reaching $832.63. 195,181 shares of the company were exchanged, compared to its average volume of 421,360. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.45 and a beta of 1.05. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The firm has a 50-day moving average of $878.94 and a 200 day moving average of $755.60.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the business posted $10.48 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DECK shares. Telsey Advisory Group restated an "outperform" rating and set a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. Stifel Nicolaus upped their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a "hold" rating in a report on Friday, February 2nd. Barclays assumed coverage on Deckers Outdoor in a report on Monday, April 1st. They issued an "overweight" rating and a $1,110.00 target price for the company. Wells Fargo & Company upped their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. Finally, Bank of America cut Deckers Outdoor from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $875.00 to $860.00 in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus target price of $889.00.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company's stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Lauri M. Shanahan sold 3,672 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the transaction, the director now directly owns 4,515 shares of the company's stock, valued at $3,757,473.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. 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 ninety days. Corporate insiders own 0.70% of the company's stock.

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