Shilanski & Associates Inc. Sells 1,365 Shares of Deckers Outdoor Co. (NYSE:DECK)

Shilanski & Associates Inc. cut its holdings in Deckers Outdoor Co. (NYSE:DECK) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,030 shares of the textile maker’s stock after selling 1,365 shares during the period. Shilanski & Associates Inc.’s holdings in Deckers Outdoor were worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $575,000. B. Riley Wealth Advisors Inc. grew its position in Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after acquiring an additional 5,574 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after purchasing an additional 332,590 shares during the last quarter. Finally, Cadent Capital Advisors LLC lifted its holdings in Deckers Outdoor by 116.8% during the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,491 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DECK. Stifel Nicolaus raised their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research report on Thursday. TD Cowen lifted their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial increased their target price on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Insider Buying and Selling at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the transaction, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Up 1.8 %

NYSE:DECK opened at $218.70 on Friday. The stock has a market capitalization of $33.23 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a 52 week low of $123.33 and a 52 week high of $218.92. The stock’s 50-day moving average price is $201.33 and its 200-day moving average price is $127.75.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Sell-side analysts expect that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal year.

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