Wilmington Savings Fund Society FSB Takes $679,000 Position in Deckers Outdoor Co. (NYSE:DECK)

Wilmington Savings Fund Society FSB bought a new position in Deckers Outdoor Co. (NYSE:DECK - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,260 shares of the textile maker's stock, valued at approximately $679,000.

Several other institutional investors have also recently bought and sold shares of DECK. FMR LLC raised its position in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock valued at $3,646,539,000 after buying an additional 19,053,113 shares during the last quarter. State Street Corp boosted its stake in Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock worth $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock worth $646,316,000 after acquiring an additional 3,393,420 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Deckers Outdoor by 529.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Deckers Outdoor by 904.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,011,073 shares of the textile maker's stock valued at $161,216,000 after purchasing an additional 910,430 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent analyst reports. KeyCorp boosted their price target on Deckers Outdoor from $190.00 to $213.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Truist Financial raised their target price on Deckers Outdoor from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC upped their price target on shares of Deckers Outdoor from $218.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.59.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $8.89 during midday trading on Wednesday, reaching $201.48. 1,577,044 shares of the stock were exchanged, compared to its average volume of 2,203,326. Deckers Outdoor Co. has a 12 month low of $108.65 and a 12 month high of $213.03. The business has a 50-day simple moving average of $178.90 and a two-hundred day simple moving average of $95.61. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced 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. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the business'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 sale, the insider now directly owns 29,628 shares of the company's stock, valued at $4,836,474.72. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,234 shares of company stock worth $15,248,513 over the last three months. Corporate insiders own 0.40% of the company's stock.

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.