Passumpsic Savings Bank Raises Holdings in Deckers Outdoor Co. (NYSE:DECK)

Passumpsic Savings Bank lifted its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 477.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,296 shares of the textile maker's stock after purchasing an additional 22,572 shares during the period. Deckers Outdoor comprises 2.9% of Passumpsic Savings Bank's holdings, making the stock its 3rd biggest holding. Passumpsic Savings Bank's holdings in Deckers Outdoor were worth $4,352,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. M&T Bank Corp lifted its holdings in Deckers Outdoor by 512.5% in the 3rd quarter. M&T Bank Corp now owns 6,970 shares of the textile maker's stock worth $1,112,000 after purchasing an additional 5,832 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Deckers Outdoor by 466.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker's stock valued at $2,246,000 after purchasing an additional 11,600 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Deckers Outdoor by 447.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker's stock worth $152,000 after purchasing an additional 779 shares during the period. Hanlon Investment Management Inc. lifted its stake in shares of Deckers Outdoor by 3.6% in the second quarter. Hanlon Investment Management Inc. now owns 1,669 shares of the textile maker's stock valued at $1,616,000 after buying an additional 58 shares during the period. Finally, Larson Financial Group LLC grew its position in Deckers Outdoor by 34.9% during the second quarter. Larson Financial Group LLC now owns 282 shares of the textile maker's stock worth $273,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Activity

In other news, insider Anne Spangenberg sold 3,882 shares of Deckers Outdoor stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $723,721.26. Following the transaction, the insider now directly owns 67,434 shares of the company's stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the business's stock in a transaction on 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 transaction, the insider now directly owns 29,628 shares of the company's stock, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,234 shares of company stock valued at $15,248,513. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Trading Down 1.3 %

Shares of Deckers Outdoor stock traded down $2.67 during midday trading on Wednesday, reaching $203.09. The company had a trading volume of 1,317,242 shares, compared to its average volume of 2,182,787. The stock has a fifty day simple moving average of $189.28 and a 200 day simple moving average of $108.76. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm's quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. Sell-side analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on Deckers Outdoor from $218.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Barclays increased their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. KeyCorp lifted their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. TD Cowen raised their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Telsey Advisory Group upped their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.59.

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.