Yousif Capital Management LLC Has $8.26 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Yousif Capital Management LLC reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,357 shares of the textile maker’s stock after selling 181 shares during the period. Yousif Capital Management LLC’s holdings in Deckers Outdoor were worth $8,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley grew its holdings in Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after acquiring an additional 527,546 shares during the period. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 8.9% during the third quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock worth $234,917,000 after purchasing an additional 37,194 shares during the period. Northern Trust Corp grew its stake in shares of Deckers Outdoor by 2.6% during the third quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock worth $119,030,000 after purchasing an additional 5,972 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Deckers Outdoor during the third quarter worth $72,727,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Deckers Outdoor by 12.3% during the third quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock worth $72,694,000 after purchasing an additional 15,541 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Stock Down 1.9 %

NYSE:DECK opened at $835.14 on Thursday. Deckers Outdoor Co. has a twelve month low of $424.36 and a twelve month high of $956.17. The business has a 50 day moving average price of $884.14 and a two-hundred day moving average price of $743.84. The company has a market cap of $21.44 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01.

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

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the company’s 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 sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Deckers Outdoor news, Director Bonita C. Stewart sold 3,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the completion of the sale, the director now directly owns 8,863 shares in the company, valued at $7,720,647.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The disclosure for this sale can be found here. Insiders sold 30,464 shares of company stock valued at $26,229,683 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DECK shares. KeyCorp started coverage on Deckers Outdoor in a research report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Bank of America cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $875.00 to $860.00 in a report on Thursday. TD Cowen boosted their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Truist Financial reissued a “hold” rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, Piper Sandler boosted their target price on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $889.00.

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.