Xponance Inc. Raises Position in Deckers Outdoor Co. (NYSE:DECK)

Xponance Inc. grew its position in Deckers Outdoor Co. (NYSE:DECK) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,618 shares of the textile maker’s stock after buying an additional 1,756 shares during the period. Xponance Inc.’s holdings in Deckers Outdoor were worth $7,437,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Bell Investment Advisors Inc grew its stake in shares of 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 acquiring an additional 146 shares during the period. Fortitude Family Office LLC grew its stake in shares of Deckers Outdoor by 825.0% in the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after acquiring an additional 198 shares during the period. Brooklyn Investment Group bought a new stake in shares of Deckers Outdoor in the third quarter worth approximately $36,000. Finally, Avior Wealth Management LLC grew its stake in shares of Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after acquiring an additional 267 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $119.17 on Thursday. Deckers Outdoor Co. has a one year low of $115.00 and a one year high of $223.98. The company’s fifty day moving average price is $165.87 and its 200-day moving average price is $164.06. The company has a market capitalization of $18.09 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

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

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial cut their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

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.