Deckers Outdoor Co. (NYSE:DECK) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in Deckers Outdoor Co. (NYSE:DECK) by 7.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,814 shares of the textile maker’s stock after purchasing an additional 313 shares during the period. Van ECK Associates Corp’s holdings in Deckers Outdoor were worth $4,531,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DECK. Contravisory Investment Management Inc. acquired a new position in shares of Deckers Outdoor in the first quarter worth $36,000. FinTrust Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth $39,000. Finally, Rise Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 1st quarter worth $61,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael F. Devine III sold 2,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the completion of the sale, the director now owns 6,204 shares of the company’s stock, valued at $6,681,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,101 shares of company stock worth $28,858,562. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Wedbush boosted their price target on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Telsey Advisory Group boosted their price target on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Finally, Truist Financial raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their price target for the company from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Six 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, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $1,023.44.

Deckers Outdoor Trading Up 0.4 %

Shares of Deckers Outdoor stock traded up $3.63 on Friday, reaching $939.32. 177,139 shares of the stock were exchanged, compared to its average volume of 396,286. Deckers Outdoor Co. has a 1-year low of $484.02 and a 1-year high of $1,106.89. The business has a fifty day moving average price of $958.25 and a two-hundred day moving average price of $866.71. The firm has a market capitalization of $23.90 billion, a PE ratio of 31.86, a PEG ratio of 3.13 and a beta of 1.06.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same period in the previous year, the business posted $3.46 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. Research analysts expect that Deckers Outdoor Co. will post 30.59 EPS for the current year.

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