US Bancorp DE Increases Stake in Deckers Outdoor Corporation $DECK

US Bancorp DE grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 262.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,436 shares of the textile maker’s stock after purchasing an additional 44,477 shares during the quarter. US Bancorp DE’s holdings in Deckers Outdoor were worth $6,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DECK. American National Bank & Trust lifted its stake in Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Deckers Outdoor during the third quarter valued at $30,000. Finally, Rakuten Securities Inc. raised its stake in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.9%

Shares of NYSE DECK opened at $117.13 on Monday. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $141.90. The firm has a market cap of $16.63 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The business has a fifty day simple moving average of $108.31 and a two-hundred day simple moving average of $103.04.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.00 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, insider Anne Spangenberg sold 4,063 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the sale, the insider owned 80,449 shares in the company, valued at approximately $9,333,692.98. The trade was a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the sale, the insider directly owned 42,461 shares of the company’s stock, valued at $4,831,212.58. The trade was a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,092 shares of company stock valued at $1,048,552. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $161.00 price objective (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Wells Fargo & Company set a $110.00 price target on Deckers Outdoor and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Guggenheim began coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price on the stock in a research note on Friday, January 30th. Finally, Jefferies Financial Group lifted their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $125.20.

Deckers Outdoor Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.