Stevens Capital Management LP Takes Position in Deckers Outdoor Co. (NYSE:DECK)

Stevens Capital Management LP acquired a new stake in shares of Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 333 shares of the textile maker’s stock, valued at approximately $223,000.

A number of other hedge funds also recently bought and sold shares of DECK. AE Wealth Management LLC lifted its stake in Deckers Outdoor by 63.0% during the third quarter. AE Wealth Management LLC now owns 957 shares of the textile maker’s stock valued at $492,000 after buying an additional 370 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Deckers Outdoor during the third quarter valued at about $234,000. Exchange Traded Concepts LLC lifted its stake in Deckers Outdoor by 31.3% during the third quarter. Exchange Traded Concepts LLC now owns 352 shares of the textile maker’s stock valued at $181,000 after buying an additional 84 shares in the last quarter. Oak Thistle LLC purchased a new stake in Deckers Outdoor during the third quarter valued at about $692,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Deckers Outdoor by 13.8% in the third quarter. Asset Management One Co. Ltd. now owns 11,870 shares of the textile maker’s stock worth $6,102,000 after purchasing an additional 1,444 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded up $26.96 during midday trading on Friday, hitting $833.46. The company had a trading volume of 268,393 shares, compared to its average volume of 430,443. The business’s 50 day simple moving average is $882.86 and its two-hundred day simple moving average is $744.28. The stock has a market cap of $21.39 billion, a PE ratio of 29.03, a P/E/G ratio of 1.51 and a beta of 1.01. Deckers Outdoor Co. has a 1-year low of $424.36 and a 1-year high of $956.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.40 by $3.71. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. Deckers Outdoor’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $10.48 earnings per share. On average, sell-side analysts expect that Deckers Outdoor Co. will post 26.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DECK shares. Bank of America lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $875.00 to $860.00 in a research report on Thursday. TD Cowen increased their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Truist Financial restated a “hold” rating and issued a $864.00 price objective (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Wedbush restated an “outperform” rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, Barclays initiated coverage on Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $889.00.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the transaction, the chief financial officer now directly owns 29,291 shares of the company’s stock, valued at $24,733,320.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,464 shares of company stock valued at $26,229,683. 0.70% of the stock is currently owned by company insiders.

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