Wilmington Savings Fund Society FSB Has $1.41 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Wilmington Savings Fund Society FSB boosted its position in Deckers Outdoor Co. (NYSE:DECK) by 62.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,928 shares of the textile maker’s stock after buying an additional 2,668 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Deckers Outdoor were worth $1,407,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC grew its stake in Deckers Outdoor by 5.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,826 shares of the textile maker’s stock worth $1,183,000 after purchasing an additional 300 shares during the period. Apollon Wealth Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $434,000. Fairvoy Private Wealth LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $982,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Deckers Outdoor by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,966 shares of the textile maker’s stock valued at $3,446,000 after acquiring an additional 424 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in shares of Deckers Outdoor during the 4th quarter valued at $680,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock opened at $168.18 on Monday. The stock has a market capitalization of $25.52 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98. The stock’s 50-day simple moving average is $203.55 and its 200 day simple moving average is $142.83.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Equities research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. The trade was a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,956 shares of company stock valued at $10,387,731 in the last three months. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DECK shares. Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Truist Financial decreased their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barclays increased their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Friday. Finally, BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Profile

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.