Lisanti Capital Growth LLC Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Lisanti Capital Growth LLC reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 62.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,305 shares of the textile maker’s stock after selling 2,170 shares during the period. Lisanti Capital Growth LLC’s holdings in Deckers Outdoor were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor in the 4th quarter worth approximately $39,000. Ritter Daniher Financial Advisory LLC DE grew its position in 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 grew its position in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Deckers Outdoor in the 4th quarter worth approximately $80,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DECK. Wells Fargo & Company lifted their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Piper Sandler lifted their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Evercore ISI assumed coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price target on the stock. Finally, Truist Financial restated a “hold” rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now 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 ninety days, insiders have sold 26,792 shares of company stock worth $23,173,771. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Stock Up 0.1 %

Shares of NYSE DECK traded up $0.53 during midday trading on Tuesday, reaching $862.38. 259,664 shares of the company’s stock traded hands, compared to its average volume of 415,864. The stock’s 50 day simple moving average is $878.07 and its 200-day simple moving average is $763.88. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The company has a market cap of $22.14 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 1.49 and a beta of 1.05.

Deckers Outdoor Company 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.