Federated Hermes Inc. Has $1.99 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Federated Hermes Inc. lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 11.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,976 shares of the textile maker’s stock after selling 400 shares during the quarter. Federated Hermes Inc.’s holdings in Deckers Outdoor were worth $1,989,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of Deckers Outdoor by 82.6% in the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after buying an additional 527,546 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Deckers Outdoor by 8.9% in the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after buying an additional 37,194 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Deckers Outdoor by 2.6% in the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock valued at $119,030,000 after buying an additional 5,972 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at approximately $72,727,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Deckers Outdoor by 12.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock valued at $72,694,000 after buying an additional 15,541 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $833.46 on Monday. The company has a 50 day simple moving average of $882.26 and a 200 day simple moving average of $749.95. The stock has a market cap of $21.39 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 1.48 and a beta of 1.01. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $10.48 EPS. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value 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 filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value 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 filing with the SEC, which is available at this hyperlink. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders sold a total of 30,464 shares of company stock worth $26,229,683 in the last three months. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DECK has been the topic of a number of research analyst reports. Raymond James increased their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Evercore ISI initiated coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price target on the stock. Barclays initiated coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, KeyCorp initiated coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target on the stock. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

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