Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Reduced by Running Oak Capital LLC

Running Oak Capital LLC lessened its holdings in Deckers Outdoor Co. (NYSE:DECK) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 85,430 shares of the textile maker’s stock after selling 957 shares during the period. Deckers Outdoor comprises 2.3% of Running Oak Capital LLC’s holdings, making the stock its biggest position. Running Oak Capital LLC’s holdings in Deckers Outdoor were worth $17,350,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DECK. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $575,000. B. Riley Wealth Advisors Inc. grew its stake 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 acquiring an additional 5,574 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after acquiring an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its position in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after purchasing an additional 3,491 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DECK. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Needham & Company LLC lifted their price target on Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, KeyCorp upped their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Insider Buying and Selling

In other Deckers Outdoor news, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the insider now directly owns 29,628 shares in the company, valued at approximately $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 sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Down 0.8 %

Shares of Deckers Outdoor stock opened at $216.90 on Friday. The firm has a market cap of $32.95 billion, a PE ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08. The business has a 50-day moving average price of $203.00 and a 200 day moving average price of $129.71. Deckers Outdoor Co. has a twelve month low of $125.15 and a twelve month high of $218.92.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts expect that Deckers Outdoor Co. will post 5.56 EPS for the current year.

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.