Cornercap Investment Counsel Inc. Purchases New Position in Deckers Outdoor Co. (NYSE:DECK)

Cornercap Investment Counsel Inc. purchased a new position in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 320 shares of the textile maker’s stock, valued at approximately $214,000.

Other hedge funds also recently bought and sold shares of the company. Advisor Resource Council purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $970,000. Advisors Preferred LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $2,271,000. Louisiana State Employees Retirement System acquired a new position in Deckers Outdoor in the 4th quarter valued at $4,813,000. First Trust Direct Indexing L.P. lifted its holdings in Deckers Outdoor by 12.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock valued at $235,000 after purchasing an additional 51 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $73,722,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wedbush reissued an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Evercore ISI initiated coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price on the stock. Truist Financial reaffirmed a “hold” rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $870.93.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $818.38 on Thursday. The company has a 50-day moving average of $886.18 and a two-hundred day moving average of $732.82. The firm has a market cap of $21.01 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.48 EPS. Sell-side analysts anticipate that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

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.