Wilmington Savings Fund Society FSB Grows Stake in Deckers Outdoor Co. (NYSE:DECK)

Wilmington Savings Fund Society FSB grew its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 62.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,928 shares of the textile maker’s stock after buying an additional 2,668 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Deckers Outdoor were worth $1,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its position in Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Deckers Outdoor in the 3rd quarter valued at approximately $201,000. CWM LLC boosted its position in shares of Deckers Outdoor by 491.7% during the third quarter. CWM LLC now owns 8,615 shares of the textile maker’s stock valued at $1,374,000 after purchasing an additional 7,159 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Deckers Outdoor by 1,320.2% in the 3rd quarter. Gateway Investment Advisers LLC now owns 7,186 shares of the textile maker’s stock worth $1,146,000 after buying an additional 6,680 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Deckers Outdoor by 566.2% in the third quarter. Ritholtz Wealth Management now owns 2,658 shares of the textile maker’s stock worth $424,000 after purchasing an additional 2,259 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Bank of America increased their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $168.18 on Monday. The stock has a fifty day simple moving average of $203.55 and a two-hundred day simple moving average of $142.83. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The firm has a market capitalization of $25.52 billion, a PE ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is owned by insiders.

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