Intrust Bank NA Has $1.98 Million Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Intrust Bank NA boosted its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,956 shares of the textile maker’s stock after buying an additional 38 shares during the period. Intrust Bank NA’s holdings in Deckers Outdoor were worth $1,976,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after purchasing an additional 600 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $970,000. Advisors Preferred LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $2,271,000. Marks Group Wealth Management Inc purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $6,185,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Deckers Outdoor during the fourth quarter valued at $4,813,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 research note on Wednesday, April 10th. Piper Sandler raised their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Bank of America downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $875.00 to $860.00 in a research report on Thursday. Wells Fargo & Company boosted their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Finally, Evercore ISI began coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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 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 completion of the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock worth $26,229,683 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $1.03 during midday trading on Monday, hitting $832.43. The stock had a trading volume of 173,701 shares, compared to its average volume of 427,317. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The firm has a market cap of $21.37 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.01. The company’s 50-day simple moving average is $882.26 and its 200 day simple moving average is $749.95.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business posted $10.48 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts expect that Deckers Outdoor Co. will post 26.89 EPS for the current fiscal year.

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.