Xponance Inc. Sells 202 Shares of Deckers Outdoor Co. (NYSE:DECK)

Xponance Inc. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,856 shares of the textile maker’s stock after selling 202 shares during the period. Xponance Inc.’s holdings in Deckers Outdoor were worth $3,914,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DECK. Anchor Investment Management LLC bought a new stake in Deckers Outdoor in the 4th quarter valued at $33,000. FSC Wealth Advisors LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares during the period. Janiczek Wealth Management LLC lifted its stake 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. Finally, Pinpoint Asset Management Ltd bought a new stake in shares of Deckers Outdoor during the 1st quarter worth about $67,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DECK shares. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price on the stock. Truist Financial restated a “hold” rating and issued a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Stifel Nicolaus increased their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

Deckers Outdoor Stock Down 1.6 %

Shares of Deckers Outdoor stock opened at $800.38 on Friday. The firm’s 50-day moving average price is $884.89 and its two-hundred day moving average price is $735.34. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.44 and a beta of 1.01. Deckers Outdoor Co. has a 12-month low of $424.36 and a 12-month high of $956.17.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $10.48 EPS. Deckers Outdoor’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 3,672 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the sale, the director now owns 4,515 shares of the company’s stock, valued at approximately $3,757,473.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, Director Lauri M. Shanahan sold 3,672 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the completion of the transaction, the director now directly owns 4,515 shares in the company, valued at $3,757,473.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,464 shares of company stock worth $26,229,683. Corporate insiders own 0.70% of the company’s stock.

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.