Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. grew its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,139 shares of the textile maker’s stock after buying an additional 161 shares during the period. Fulton Bank N.A.’s holdings in Deckers Outdoor were worth $2,059,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DECK. Solstein Capital LLC raised its holdings in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in Deckers Outdoor during the third quarter valued at about $36,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares in the company, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 over the last three months. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Truist Financial increased their price target on Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. TD Cowen lifted their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, Telsey Advisory Group increased their target price 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.76.

Deckers Outdoor Trading Up 1.3 %

Shares of Deckers Outdoor stock opened at $207.84 on Thursday. Deckers Outdoor Co. has a 1 year low of $114.11 and a 1 year high of $214.70. The company’s fifty day simple moving average is $192.60 and its 200-day simple moving average is $114.36. The company has a market cap of $31.58 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Deckers Outdoor Company 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.