Credit Industriel ET Commercial Takes $881,000 Position in Deckers Outdoor Corporation $DECK

Credit Industriel ET Commercial acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,500 shares of the textile maker’s stock, valued at approximately $881,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Deckers Outdoor by 4.3% in the third quarter. Resonant Capital Advisors LLC now owns 3,097 shares of the textile maker’s stock valued at $314,000 after acquiring an additional 128 shares in the last quarter. Perennial Investment Advisors LLC lifted its position in shares of Deckers Outdoor by 5.4% in the third quarter. Perennial Investment Advisors LLC now owns 2,709 shares of the textile maker’s stock valued at $275,000 after acquiring an additional 138 shares in the last quarter. BOKF NA lifted its position in shares of Deckers Outdoor by 0.9% in the third quarter. BOKF NA now owns 17,412 shares of the textile maker’s stock valued at $1,765,000 after acquiring an additional 150 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Deckers Outdoor by 7.3% in the fourth quarter. Ritholtz Wealth Management now owns 2,232 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 152 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on DECK shares. Needham & Company LLC upped their price objective on Deckers Outdoor from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wells Fargo & Company set a $115.00 price objective on Deckers Outdoor and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Piper Sandler restated an “underweight” rating and issued a $95.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. Finally, KGI Securities upgraded Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.35.

Deckers Outdoor Trading Up 0.9%

NYSE DECK opened at $98.52 on Wednesday. The business’s 50-day moving average price is $105.70 and its 200 day moving average price is $101.24. Deckers Outdoor Corporation has a twelve month low of $78.91 and a twelve month high of $133.43. The company has a market capitalization of $13.98 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.14.

Insider Buying and Selling

In related news, insider Robin Spring-Green sold 347 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider directly owned 42,461 shares in the company, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director owned 25,026 shares in the company, valued at $2,873,985.84. This trade represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by company insiders.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.