Kapitalo Investimentos Ltda Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Kapitalo Investimentos Ltda trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 60.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 415 shares of the textile maker’s stock after selling 630 shares during the period. Kapitalo Investimentos Ltda’s holdings in Deckers Outdoor were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. FinTrust Capital Advisors LLC raised its position in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at approximately $39,000. JFS Wealth Advisors LLC raised its holdings in Deckers Outdoor by 265.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock worth $56,000 after purchasing an additional 61 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its position in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after buying an additional 16 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Trading Down 0.3 %

Shares of Deckers Outdoor stock traded down $3.25 during mid-day trading on Tuesday, hitting $1,014.24. 67,161 shares of the stock were exchanged, compared to its average volume of 399,017. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89. The company has a 50-day simple moving average of $918.66 and a 200 day simple moving average of $843.83.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. Deckers Outdoor’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.46 earnings per share. Equities research analysts forecast that Deckers Outdoor Co. will post 30.59 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the transaction, the insider now owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the sale, the insider now directly owns 39,926 shares in the company, valued at $43,109,699.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares in the company, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. Insiders sold a total of 28,101 shares of company stock valued at $28,858,562 over the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several research analyst reports. Citigroup lifted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Robert W. Baird boosted their price objective on Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Truist Financial upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Barclays lowered their price target on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Finally, Telsey Advisory Group increased their price target on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.44.

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.