US Bancorp DE Boosts Stock Position in Deckers Outdoor Corporation $DECK

US Bancorp DE grew its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 51.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,805 shares of the textile maker’s stock after acquiring an additional 31,369 shares during the period. US Bancorp DE’s holdings in Deckers Outdoor were worth $9,621,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DECK. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after acquiring an additional 522 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Deckers Outdoor by 8.1% during the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after acquiring an additional 521 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Deckers Outdoor by 163.2% during the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after acquiring an additional 6,391 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 1.4%

DECK opened at $100.78 on Friday. The stock has a market cap of $14.31 billion, a PE ratio of 14.23, a P/E/G ratio of 2.16 and a beta of 1.14. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $133.43. The business’s fifty day simple moving average is $106.10 and its 200 day simple moving average is $101.21.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $3.00 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Deckers Outdoor Corporation will post 6.87 earnings per share for the current year.

Analysts Set New Price Targets

DECK has been the topic of a number of recent analyst reports. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Jefferies Financial Group increased their price objective on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group reiterated a “sell” rating and issued a $92.00 price objective (up from $81.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Evercore set a $108.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Finally, Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.35.

Insider Activity

In other news, insider Robin Spring-Green sold 347 shares of the firm’s 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 of the company’s stock, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the transaction, the director directly 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. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by 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.