5,485 Shares in Deckers Outdoor Corporation $DECK Bought by Allstate Corp

Allstate Corp acquired a new position in Deckers Outdoor Corporation (NYSE:DECK) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,485 shares of the textile maker’s stock, valued at approximately $556,000.

A number of other hedge funds have also recently modified their holdings of the business. Resonant Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock worth $314,000 after acquiring an additional 128 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Deckers Outdoor by 15.1% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 56,370 shares of the textile maker’s stock worth $5,703,000 after acquiring an additional 7,384 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Deckers Outdoor by 22.8% in the third quarter. Sequoia Financial Advisors LLC now owns 5,879 shares of the textile maker’s stock worth $596,000 after purchasing an additional 1,090 shares during the period. Ritholtz Wealth Management purchased a new stake in Deckers Outdoor in the third quarter worth about $211,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Deckers Outdoor by 46.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock valued at $6,062,000 after purchasing an additional 18,900 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Activity

In other news, insider Angela Ogbechie sold 1,460 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the sale, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $101.70 on Friday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $223.98. The company has a market cap of $14.82 billion, a P/E ratio of 15.07, a PEG ratio of 4.59 and a beta of 1.15. The stock’s fifty day moving average price is $97.77 and its 200-day moving average price is $101.52.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Deckers Outdoor’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DECK shares. Jefferies Financial Group set a $102.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Wednesday, January 14th. Piper Sandler cut Deckers Outdoor from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $100.00 to $85.00 in a research note on Wednesday, January 7th. Citigroup reissued a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. The Goldman Sachs Group cut their target price on Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating on the stock in a research note on Friday, October 24th. Finally, Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $117.58.

Deckers Outdoor 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.