Everence Capital Management Inc. Takes $676,000 Position in Deckers Outdoor Co. (NYSE:DECK)

Everence Capital Management Inc. purchased a new position in Deckers Outdoor Co. (NYSE:DECK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,330 shares of the textile maker’s stock, valued at approximately $676,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC increased its position in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its position in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Deckers Outdoor during the third quarter valued at approximately $36,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 over the last three months. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research analyst reports. Truist Financial boosted their price target on Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. TD Cowen lifted their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Evercore ISI raised their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.59.

Deckers Outdoor Trading Up 1.3 %

Shares of NYSE:DECK opened at $207.25 on Friday. The company has a 50 day moving average of $191.11 and a 200-day moving average of $110.67. The firm has a market cap of $31.49 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.87 and a beta of 1.08. Deckers Outdoor Co. has a twelve month low of $108.65 and a twelve month high of $214.70.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts forecast that Deckers Outdoor Co. will post 5.49 EPS for the current 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.