US Bancorp DE Sells 1,921 Shares of Deckers Outdoor Co. (NYSE:DECK)

US Bancorp DE reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,985 shares of the textile maker’s stock after selling 1,921 shares during the quarter. US Bancorp DE’s holdings in Deckers Outdoor were worth $5,480,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 1,956 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Deckers Outdoor by 558.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 110,630 shares of the textile maker’s stock valued at $17,640,000 after buying an additional 93,818 shares in the last quarter. Van ECK Associates Corp increased its stake in Deckers Outdoor by 562.6% in the third quarter. Van ECK Associates Corp now owns 39,586 shares of the textile maker’s stock valued at $5,976,000 after acquiring an additional 33,612 shares during the last quarter. Forum Financial Management LP raised its position in Deckers Outdoor by 498.5% during the third quarter. Forum Financial Management LP now owns 2,400 shares of the textile maker’s stock valued at $383,000 after purchasing an additional 1,999 shares in the last quarter. Finally, National Pension Service lifted its stake in Deckers Outdoor by 604.8% during the third quarter. National Pension Service now owns 264,282 shares of the textile maker’s stock worth $42,140,000 after purchasing an additional 226,782 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

DECK stock opened at $133.77 on Wednesday. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The business’s 50 day moving average price is $184.35 and its two-hundred day moving average price is $157.61. Deckers Outdoor Co. has a fifty-two week low of $131.20 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 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%. Sell-side analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company’s stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,574 shares of company stock worth $6,505,085. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DECK. Barclays boosted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Evercore ISI boosted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 7th. KeyCorp boosted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.