Wilmington Savings Fund Society FSB Purchases 2,668 Shares of Deckers Outdoor Co. (NYSE:DECK)

Wilmington Savings Fund Society FSB increased its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 62.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,928 shares of the textile maker's stock after acquiring an additional 2,668 shares during the period. Wilmington Savings Fund Society FSB's holdings in Deckers Outdoor were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. AMF Tjanstepension AB lifted its holdings in shares of Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker's stock worth $151,924,000 after acquiring an additional 792,849 shares during the last quarter. Atomi Financial Group Inc. bought a new position in Deckers Outdoor in the 3rd quarter valued at approximately $201,000. CWM LLC boosted its position in Deckers Outdoor by 491.7% in the third quarter. CWM LLC now owns 8,615 shares of the textile maker's stock valued at $1,374,000 after buying an additional 7,159 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Deckers Outdoor by 1,320.2% during the third quarter. Gateway Investment Advisers LLC now owns 7,186 shares of the textile maker's stock worth $1,146,000 after buying an additional 6,680 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Deckers Outdoor by 566.2% during the third quarter. Ritholtz Wealth Management now owns 2,658 shares of the textile maker's stock worth $424,000 after buying an additional 2,259 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $3.84 during trading hours on Tuesday, hitting $157.81. 3,478,561 shares of the company were exchanged, compared to its average volume of 3,064,555. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98. The company has a 50 day simple moving average of $202.74 and a two-hundred day simple moving average of $143.80. The firm has a market cap of $23.95 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company's stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,956 shares of company stock valued at $10,387,731. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. UBS Group upped their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. BTIG Research cut shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

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.