Deckers Outdoor Co. (NYSE:DECK) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,508 shares of the textile maker’s stock after buying an additional 720 shares during the period. Fidelis Capital Partners LLC’s holdings in Deckers Outdoor were worth $2,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DECK. First Trust Direct Indexing L.P. increased its position in shares of Deckers Outdoor by 572.4% in the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock valued at $688,000 after buying an additional 3,675 shares in the last quarter. Financial Advocates Investment Management grew its stake in Deckers Outdoor by 536.0% in the 3rd quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock valued at $428,000 after acquiring an additional 2,262 shares during the last quarter. US Bancorp DE increased its holdings in Deckers Outdoor by 448.5% during the 3rd quarter. US Bancorp DE now owns 28,906 shares of the textile maker’s stock valued at $4,609,000 after acquiring an additional 23,636 shares in the last quarter. New York State Common Retirement Fund raised its position in Deckers Outdoor by 425.6% during the third quarter. New York State Common Retirement Fund now owns 174,880 shares of the textile maker’s stock worth $27,885,000 after acquiring an additional 141,608 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Deckers Outdoor by 2,037.5% in the third quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 1,956 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, 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. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $139.29 on Monday. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The stock’s 50-day moving average is $187.25 and its 200-day moving average is $155.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DECK shares. Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

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.