Deckers Outdoor Co. (NYSE:DECK) Shares Bought by abrdn plc

abrdn plc grew its position in Deckers Outdoor Co. (NYSE:DECK) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,532 shares of the textile maker’s stock after acquiring an additional 1,930 shares during the quarter. abrdn plc owned about 0.35% of Deckers Outdoor worth $59,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DECK. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor in the 4th quarter valued at $39,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the period. Janiczek Wealth Management LLC increased its stake in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after buying an additional 16 shares during the period. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Deckers Outdoor in the 1st quarter worth $67,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $84,715,971.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is currently owned by company insiders.

Deckers Outdoor Trading Down 1.6 %

Shares of DECK opened at $800.38 on Monday. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.42 and a beta of 1.01. The stock has a 50 day moving average of $884.89 and a 200-day moving average of $738.52.

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

Analyst Ratings Changes

Several research analysts recently issued reports on DECK shares. Raymond James increased their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Wells Fargo & Company raised their price target on 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 started coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective on the stock. Stifel Nicolaus raised their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Truist Financial reiterated a “hold” rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $890.93.

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