First Affirmative Financial Network Makes New Investment in Deckers Outdoor Co. (NYSE:DECK)

First Affirmative Financial Network purchased a new position in Deckers Outdoor Co. (NYSE:DECK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,164 shares of the textile maker’s stock, valued at approximately $236,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after buying an additional 19,053,113 shares during the period. State Street Corp lifted its position in Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after acquiring an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC boosted its stake in Deckers Outdoor by 509.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the period. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bonita C. Stewart sold 9,000 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the completion of the transaction, the director now directly owns 44,988 shares of the company’s stock, valued at $7,891,794.96. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,758 shares of company stock worth $13,506,861. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 1.9 %

Shares of DECK stock opened at $223.00 on Friday. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $223.98. The company has a market capitalization of $33.88 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. The firm has a 50 day moving average price of $206.19 and a two-hundred day moving average price of $135.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial raised their target price on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.58.

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