First Hawaiian Bank Purchases 1,000 Shares of Deckers Outdoor Co. (NYSE:DECK)

First Hawaiian Bank increased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,556 shares of the textile maker’s stock after buying an additional 1,000 shares during the period. First Hawaiian Bank’s holdings in Deckers Outdoor were worth $4,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Solstein Capital LLC raised its position in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after buying an additional 200 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Guggenheim began coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating for the company. Stifel Nicolaus increased their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Truist Financial lifted their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, UBS Group raised their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $159.76.

Deckers Outdoor Price Performance

DECK stock traded up $2.74 during mid-day trading on Wednesday, hitting $207.84. 1,564,186 shares of the stock were exchanged, compared to its average volume of 1,865,377. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.87 and a beta of 1.08. The business has a fifty day moving average price of $192.60 and a 200 day moving average price of $114.36. Deckers Outdoor Co. has a 12 month low of $114.11 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the transaction, the chief executive officer now directly owns 273,540 shares of the company’s stock, valued at approximately $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 over the last three months. Insiders own 0.40% of the company’s stock.

About Deckers Outdoor

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