Everence Capital Management Inc. Buys Shares of 3,330 Deckers Outdoor Co. (NYSE:DECK)

Everence Capital Management Inc. bought a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,330 shares of the textile maker's stock, valued at approximately $676,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Deckers Outdoor by 38.4% during the fourth quarter. GAMMA Investing LLC now owns 2,897 shares of the textile maker's stock worth $588,000 after acquiring an additional 804 shares during the last quarter. JPMorgan Chase & Co. grew its position in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Deckers Outdoor by 512.9% in the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker's stock valued at $63,371,000 after purchasing an additional 332,590 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Deckers Outdoor by 110.4% during the third quarter. Lord Abbett & CO. LLC now owns 60,894 shares of the textile maker's stock valued at $9,710,000 after buying an additional 31,947 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Deckers Outdoor by 506.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker's stock worth $1,060,000 after buying an additional 5,574 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,278 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company's stock, valued at approximately $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bonita C. Stewart sold 9,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $175.42, for a total value of $1,578,780.00. Following the sale, the director now owns 44,988 shares of the company's stock, valued at $7,891,794.96. The trade was a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Trading Up 1.3 %

Shares of NYSE DECK traded up $2.71 during mid-day trading on Friday, reaching $207.25. The company had a trading volume of 1,711,466 shares, compared to its average volume of 1,633,983. The company has a 50-day moving average price of $191.11 and a two-hundred day moving average price of $111.25. The stock has a market cap of $31.49 billion, a PE ratio of 36.45, a P/E/G ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a 1-year low of $108.65 and a 1-year high of $214.70.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly 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. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted $1.14 EPS. Deckers Outdoor's revenue was up 20.1% on a year-over-year basis. On average, research analysts expect that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on DECK. Stifel Nicolaus raised their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a "hold" rating in a research report on Friday, October 25th. KeyCorp raised their price target on Deckers Outdoor from $190.00 to $213.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Barclays upped their price objective 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. Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Truist Financial upped their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $158.59.

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.