US Bancorp DE Boosts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

US Bancorp DE boosted its holdings in Deckers Outdoor Co. (NYSE:DECKGet Rating) by 304.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,713 shares of the textile maker’s stock after purchasing an additional 6,558 shares during the quarter. US Bancorp DE’s holdings in Deckers Outdoor were worth $2,722,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DECK. Goldman Sachs Group Inc. increased its holdings in Deckers Outdoor by 83.1% in the second quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock valued at $92,657,000 after buying an additional 164,730 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Deckers Outdoor during the second quarter worth about $20,103,000. Woodson Capital Management LP grew its holdings in shares of Deckers Outdoor by 36.2% during the second quarter. Woodson Capital Management LP now owns 259,500 shares of the textile maker’s stock worth $66,263,000 after purchasing an additional 68,980 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Deckers Outdoor by 18.0% during the first quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock worth $118,658,000 after purchasing an additional 66,072 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Deckers Outdoor during the second quarter worth about $12,188,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com assumed coverage on Deckers Outdoor in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Piper Sandler increased their target price on shares of Deckers Outdoor from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Telsey Advisory Group increased their target price on shares of Deckers Outdoor from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Robert W. Baird increased their target price on shares of Deckers Outdoor from $375.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Finally, Bank of America reiterated a “buy” rating and set a $425.00 target price on shares of Deckers Outdoor in a research note on Tuesday, November 1st. Three investment 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 an average rating of “Moderate Buy” and an average price target of $421.08.

Deckers Outdoor Trading Up 1.0 %

DECK stock opened at $420.92 on Friday. The firm has a 50 day moving average of $379.13 and a 200-day moving average of $340.76. Deckers Outdoor Co. has a 12-month low of $212.93 and a 12-month high of $422.68. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.28 and a beta of 0.89.

Deckers Outdoor (NYSE:DECKGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The textile maker reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.14. Deckers Outdoor had a net margin of 13.13% and a return on equity of 29.42%. The company had revenue of $875.61 million during the quarter, compared to the consensus estimate of $808.31 million. Sell-side analysts forecast that Deckers Outdoor Co. will post 18.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas Garcia sold 2,000 shares of Deckers Outdoor stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $376.36, for a total transaction of $752,720.00. Following the completion of the sale, the insider now directly owns 15,922 shares in the company, valued at approximately $5,992,403.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Thomas Garcia sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $376.36, for a total transaction of $752,720.00. Following the completion of the transaction, the insider now directly owns 15,922 shares of the company’s stock, valued at approximately $5,992,403.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven J. Fasching sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $375.05, for a total transaction of $375,050.00. Following the transaction, the chief financial officer now directly owns 29,793 shares of the company’s stock, valued at $11,173,864.65. The disclosure for this sale can be found here. In the last three months, insiders sold 11,875 shares of company stock worth $4,515,149. Company insiders own 0.80% of the company’s stock.

Deckers Outdoor Company Profile

(Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Co. (NYSE:DECKGet Rating).

Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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