US Bancorp DE Sells 897 Shares of Deckers Outdoor Co. (NYSE:DECK)

US Bancorp DE lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 10.1% during the second quarter, Holdings Channel reports. The firm owned 8,019 shares of the textile maker’s stock after selling 897 shares during the period. US Bancorp DE’s holdings in Deckers Outdoor were worth $4,231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DECK. Steward Financial Group LLC bought a new position in shares of Deckers Outdoor in the second quarter valued at approximately $25,000. WealthPlan Investment Management LLC lifted its holdings in shares of Deckers Outdoor by 260.0% in the second quarter. WealthPlan Investment Management LLC now owns 180 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 130 shares in the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Deckers Outdoor by 64.3% in the second quarter. Janiczek Wealth Management LLC now owns 69 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 27 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Deckers Outdoor by 2,375.0% in the first quarter. Global Retirement Partners LLC now owns 99 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 95 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Deckers Outdoor in the first quarter valued at approximately $58,000. Institutional investors own 95.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DECK. Robert W. Baird increased their price target on Deckers Outdoor from $575.00 to $620.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $600.00 price target on shares of Deckers Outdoor in a research report on Tuesday, October 24th. UBS Group increased their price target on Deckers Outdoor from $715.00 to $720.00 and gave the company a “buy” rating in a research report on Friday, July 28th. TD Cowen increased their price target on Deckers Outdoor from $564.00 to $618.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $615.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and ten have assigned 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 target price of $604.43.

Insider Activity

In other news, insider Thomas Garcia sold 3,595 shares of Deckers Outdoor stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $516.73, for a total value of $1,857,644.35. Following the completion of the transaction, the insider now directly owns 16,457 shares in the company, valued at $8,503,825.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Thomas Garcia sold 3,595 shares of Deckers Outdoor stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $516.73, for a total transaction of $1,857,644.35. Following the completion of the sale, the insider now owns 16,457 shares of the company’s stock, valued at $8,503,825.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael F. Devine III sold 4,000 shares of Deckers Outdoor stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $587.00, for a total value of $2,348,000.00. Following the sale, the director now directly owns 8,088 shares of the company’s stock, valued at approximately $4,747,656. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,787 shares of company stock worth $8,251,144. 0.70% of the stock is owned by corporate insiders.

Deckers Outdoor Price Performance

NYSE:DECK opened at $629.50 on Tuesday. The business has a fifty day simple moving average of $544.97 and a two-hundred day simple moving average of $527.74. Deckers Outdoor Co. has a 1 year low of $361.34 and a 1 year high of $638.00. The company has a market capitalization of $16.20 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.50 and a beta of 0.95.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $6.82 earnings per share for the quarter, beating the consensus estimate of $4.41 by $2.41. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $960.54 million. Deckers Outdoor had a return on equity of 33.96% and a net margin of 15.51%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.80 earnings per share. As a group, analysts anticipate that Deckers Outdoor Co. will post 23.4 earnings per share 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.