KBC Group NV Acquires 3,745 Shares of Deckers Outdoor Co. (NYSE:DECK)

KBC Group NV raised its stake in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 278.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,089 shares of the textile maker’s stock after purchasing an additional 3,745 shares during the period. KBC Group NV’s holdings in Deckers Outdoor were worth $3,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FinTrust Capital Advisors LLC raised its position in shares of Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in Deckers Outdoor during the fourth quarter worth $39,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in 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 buying an additional 51 shares during the period. Finally, JFS Wealth Advisors LLC grew its holdings in Deckers Outdoor by 265.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock worth $56,000 after acquiring an additional 61 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Deckers Outdoor news, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the transaction, the insider now directly owns 39,926 shares in the company, valued at $43,109,699.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold 34,094 shares of company stock worth $34,389,202 in the last 90 days. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DECK. Citigroup lifted their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Robert W. Baird lifted their target price on Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. TD Cowen raised their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. BTIG Research boosted their target price on shares of Deckers Outdoor from $1,020.00 to $1,120.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, Bank of America raised their price target on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $1,018.44.

Get Our Latest Analysis on DECK

Deckers Outdoor Stock Down 2.5 %

DECK stock opened at $1,065.43 on Friday. The stock’s 50 day moving average is $899.99 and its 200-day moving average is $821.96. Deckers Outdoor Co. has a twelve month low of $484.02 and a twelve month high of $1,106.89. The firm has a market capitalization of $27.11 billion, a PE ratio of 36.38, a P/E/G ratio of 3.56 and a beta of 1.11.

Deckers Outdoor (NYSE:DECKGet Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same period in the previous year, the firm earned $3.46 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Co. will post 30.66 earnings per share for the current fiscal year.

Deckers Outdoor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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