RMR Wealth Builders acquired a new stake in Deckers Outdoor Co. (NYSE:DECK – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,887 shares of the textile maker’s stock, valued at approximately $383,000.
A number of other hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC raised its holdings in Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 198 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Deckers Outdoor by 4.2% during the 4th quarter. First Hawaiian Bank now owns 24,556 shares of the textile maker’s stock worth $4,987,000 after buying an additional 1,000 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Deckers Outdoor by 1.6% during the 4th quarter. Fulton Bank N.A. now owns 10,139 shares of the textile maker’s stock worth $2,059,000 after buying an additional 161 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $267,000. Finally, Nordea Investment Management AB increased its holdings in shares of Deckers Outdoor by 5.1% during the 4th quarter. Nordea Investment Management AB now owns 12,362 shares of the textile maker’s stock worth $2,548,000 after buying an additional 596 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.
Insider Activity
In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were 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 in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % 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, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by corporate insiders.
Deckers Outdoor Stock Up 0.0 %
Deckers Outdoor (NYSE:DECK – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $1.14 EPS. The company’s revenue was up 20.1% on a year-over-year basis. Analysts expect that Deckers Outdoor Co. will post 5.49 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on DECK shares. Truist Financial raised their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Evercore ISI raised their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays raised their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Telsey Advisory Group increased their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.76.
Check Out Our Latest Research Report on Deckers Outdoor
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.
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