Impact Investors Inc Purchases New Position in Deckers Outdoor Co. (NYSE:DECK)

Impact Investors Inc purchased a new position in shares of Deckers Outdoor Co. (NYSE:DECK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,996 shares of the textile maker’s stock, valued at approximately $1,218,000. Deckers Outdoor makes up approximately 0.9% of Impact Investors Inc’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Blue Trust Inc. grew its position in Deckers Outdoor by 56.6% in the 3rd quarter. Blue Trust Inc. now owns 736 shares of the textile maker’s stock worth $117,000 after purchasing an additional 266 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Deckers Outdoor by 627.0% in the third quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock valued at $881,000 after purchasing an additional 4,765 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $24,865,000. Finally, Dakota Wealth Management grew its holdings in Deckers Outdoor by 495.5% in the 3rd quarter. Dakota Wealth Management now owns 1,596 shares of the textile maker’s stock worth $254,000 after buying an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DECK. Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group boosted their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Truist Financial reduced their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

DECK opened at $143.04 on Wednesday. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.68 and a beta of 1.07. The business’s 50-day moving average price is $191.14 and its two-hundred day moving average price is $153.64. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.