M&T Bank Corp Buys 5,832 Shares of Deckers Outdoor Co. (NYSE:DECK)

M&T Bank Corp raised its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 512.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,970 shares of the textile maker's stock after purchasing an additional 5,832 shares during the period. M&T Bank Corp's holdings in Deckers Outdoor were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Solstein Capital LLC lifted its position in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock valued at $27,000 after buying an additional 23 shares during the last quarter. Bell Investment Advisors Inc boosted its position in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after buying an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in 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. Finally, Crewe Advisors LLC acquired a new stake in Deckers Outdoor in the 2nd quarter valued at approximately $34,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor 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 completion of the sale, the insider now owns 29,628 shares of the company's stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,234 shares of company stock worth $15,248,513 in the last 90 days. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent analyst reports. Truist Financial increased their price target on Deckers Outdoor from $205.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. 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. Evercore ISI boosted their price target on shares of Deckers Outdoor from $185.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com cut shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 25th. Finally, Bank of America boosted their target price on Deckers Outdoor from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $158.59.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $8.89 during midday trading on Wednesday, reaching $201.48. The stock had a trading volume of 1,577,044 shares, compared to its average volume of 2,203,326. The firm's fifty day simple moving average is $178.90 and its two-hundred day simple moving average is $95.61. Deckers Outdoor Co. has a twelve month low of $108.65 and a twelve month high of $213.03. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.87 and a beta of 1.08.

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, beating analysts' consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for 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%. Deckers Outdoor's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 5.49 EPS 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.