Elo Mutual Pension Insurance Co Has $1.24 Million Stake in Deckers Outdoor Corporation $DECK

Elo Mutual Pension Insurance Co decreased its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,208 shares of the textile maker’s stock after selling 6,614 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Deckers Outdoor were worth $1,238,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DECK. American National Bank & Trust increased its stake in Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares during the period. True Wealth Design LLC increased its position in shares of Deckers Outdoor by 2,440.0% during the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 244 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor in the third quarter worth $30,000. Finally, Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DECK. Wells Fargo & Company set a $110.00 price objective on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a report on Friday, January 30th. Telsey Advisory Group restated a “market perform” rating and set a $120.00 price target (up from $105.00) on shares of Deckers Outdoor in a research note on Monday, January 26th. Barclays reiterated an “overweight” rating and issued a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Evercore set a $108.00 target price on Deckers Outdoor in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Deckers Outdoor in a research note on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.20.

Insider Buying and Selling at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This trade represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Performance

Shares of DECK opened at $107.42 on Friday. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.48 and a beta of 1.15. The stock has a fifty day moving average price of $109.04 and a two-hundred day moving average price of $103.24. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $137.23.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $3.00 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.