Deckers Outdoor Co. (NYSE:DECK) is Panview Asian Equity Master Fund’s Largest Position

Panview Asian Equity Master Fund grew its holdings in Deckers Outdoor Co. (NYSE:DECK) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,500 shares of the textile maker’s stock after purchasing an additional 12,000 shares during the period. Deckers Outdoor comprises approximately 19.4% of Panview Asian Equity Master Fund’s holdings, making the stock its largest holding. Panview Asian Equity Master Fund owned approximately 0.17% of Deckers Outdoor worth $29,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $33,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares during the period. Janiczek Wealth Management LLC raised its stake in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after acquiring an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth $80,000. 97.79% of the stock is currently owned by institutional investors.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the sale, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,464 shares of company stock valued at $26,229,683. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Up 2.4 %

NYSE DECK traded up $19.72 on Tuesday, hitting $829.94. 272,696 shares of the stock were exchanged, compared to its average volume of 432,607. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The company has a 50-day moving average price of $884.06 and a 200-day moving average price of $743.08. The company has a market cap of $21.30 billion, a PE ratio of 29.85, a PEG ratio of 1.42 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.48 earnings per share. As a group, equities research analysts predict that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DECK. Telsey Advisory Group reissued an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. Truist Financial reaffirmed a “hold” rating and set a $864.00 price objective (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Raymond James raised their price target on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Barclays assumed coverage on Deckers Outdoor in a research note on Monday, April 1st. They set an “overweight” rating and a $1,110.00 target price on the stock. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.