Gunderson Capital Management Inc. Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Gunderson Capital Management Inc. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,886 shares of the textile maker’s stock after selling 5,460 shares during the quarter. Deckers Outdoor comprises 1.6% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Gunderson Capital Management Inc.’s holdings in Deckers Outdoor were worth $3,226,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DECK. Unique Wealth LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $383,000. Miracle Mile Advisors LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at about $1,067,000. Cadent Capital Advisors LLC raised its stake 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 acquiring an additional 3,491 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in Deckers Outdoor by 687.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 520 shares of the textile maker’s stock worth $106,000 after acquiring an additional 454 shares during the period. Finally, City Center Advisors LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at approximately $575,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial raised their price objective on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.76.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 over the last three months. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Trading Down 1.3 %

Shares of NYSE DECK opened at $204.77 on Tuesday. The company’s 50-day moving average price is $196.15 and its 200 day moving average price is $119.42. Deckers Outdoor Co. has a 52 week low of $117.02 and a 52 week high of $214.70. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.90 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, research analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

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.