Wilmington Savings Fund Society FSB Invests $679,000 in Deckers Outdoor Co. (NYSE:DECK)

Wilmington Savings Fund Society FSB bought a new position in Deckers Outdoor Co. (NYSE:DECK) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 4,260 shares of the textile maker’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Solstein Capital LLC boosted its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 23 shares during the period. Bell Investment Advisors Inc boosted its holdings in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Crewe Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DECK. KeyCorp upped their target price on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Telsey Advisory Group upped their target price on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Truist Financial upped their target price on Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI upped their target price on Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $158.59.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,234 shares of company stock worth $15,248,513 over the last quarter. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $210.38 on Wednesday. The stock’s 50-day simple moving average is $177.93 and its 200-day simple moving average is $94.34. The firm has a market capitalization of $31.96 billion, a PE ratio of 36.97, a P/E/G ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a fifty-two week low of $108.65 and a fifty-two week high of $213.03.

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

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.