Park Avenue Securities LLC Grows Stock Holdings in Deckers Outdoor Corporation $DECK

Park Avenue Securities LLC boosted its stake in Deckers Outdoor Corporation (NYSE:DECK) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,211 shares of the textile maker’s stock after acquiring an additional 4,993 shares during the period. Park Avenue Securities LLC’s holdings in Deckers Outdoor were worth $3,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. American National Bank & Trust grew its stake in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC raised its stake 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 worth $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Deckers Outdoor during the third quarter worth $30,000. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DECK shares. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. KGI Securities raised shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a report on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on shares of Deckers Outdoor and gave the stock an “equal weight” rating in a research note on Friday, January 30th. BTIG Research reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Piper Sandler restated an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Insider Buying and Selling

In other Deckers Outdoor news, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director owned 25,026 shares of the company’s stock, valued at approximately $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,092 shares of company stock valued at $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $100.22 on Monday. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43. The stock has a fifty day moving average price of $108.61 and a two-hundred day moving average price of $102.28. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 2.29 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, January 29th. The textile maker reported $3.33 EPS for the quarter, topping the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $3.00 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

About Deckers Outdoor

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.