US Bancorp DE Has $4.23 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

US Bancorp DE decreased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,019 shares of the textile maker’s stock after selling 897 shares during the quarter. US Bancorp DE’s holdings in Deckers Outdoor were worth $4,231,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DECK. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Deckers Outdoor by 82,129.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 69,272,670 shares of the textile maker’s stock worth $36,552,417,000 after purchasing an additional 69,188,427 shares during the last quarter. Morgan Stanley increased its position in shares of Deckers Outdoor by 213.8% during the 4th quarter. Morgan Stanley now owns 613,351 shares of the textile maker’s stock worth $244,825,000 after purchasing an additional 417,917 shares during the last quarter. Norges Bank acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $94,813,000. Goldman Sachs Group Inc. increased its position in shares of Deckers Outdoor by 83.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock worth $92,657,000 after purchasing an additional 164,730 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $60,683,000. Institutional investors and hedge funds own 95.69% of the company’s stock.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $629.50 on Tuesday. The stock has a fifty day moving average price of $544.97 and a 200-day moving average price of $527.74. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.50 and a beta of 0.95. Deckers Outdoor Co. has a fifty-two week low of $361.34 and a fifty-two week high of $638.00.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 26th. The textile maker reported $6.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $2.41. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $960.54 million. Deckers Outdoor had a return on equity of 33.96% and a net margin of 15.51%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.80 EPS. Research analysts predict that Deckers Outdoor Co. will post 23.4 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael F. Devine III sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the completion of the sale, the director now directly owns 8,088 shares in the company, valued at approximately $4,747,656. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael F. Devine III sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $587.00, for a total transaction of $2,348,000.00. Following the completion of the sale, the director now directly owns 8,088 shares in the company, valued at approximately $4,747,656. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Garcia sold 7,192 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $562.50, for a total value of $4,045,500.00. Following the sale, the insider now owns 16,457 shares of the company’s stock, valued at $9,257,062.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,787 shares of company stock worth $8,251,144. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on DECK. Truist Financial assumed coverage on Deckers Outdoor in a research report on Friday. They set a “buy” rating and a $735.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $615.00 target price on shares of Deckers Outdoor in a report on Thursday, October 19th. StockNews.com assumed coverage on Deckers Outdoor in a report on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler lowered Deckers Outdoor from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $620.00 to $650.00 in a report on Thursday, November 16th. Finally, TD Cowen boosted their target price on Deckers Outdoor from $564.00 to $618.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $604.43.

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.