Duality Advisers LP Has $955,000 Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Duality Advisers LP lifted its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 50.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,429 shares of the textile maker’s stock after acquiring an additional 481 shares during the period. Duality Advisers LP’s holdings in Deckers Outdoor were worth $955,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $39,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the period. Janiczek Wealth Management LLC increased its stake in Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after acquiring an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Deckers Outdoor in the 4th quarter valued at $80,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $829.94 on Wednesday. The company has a 50 day simple moving average of $884.06 and a 200 day simple moving average of $743.08. Deckers Outdoor Co. has a 1 year low of $424.36 and a 1 year high of $956.17. The firm has a market cap of $21.30 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. Deckers Outdoor’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.48 earnings per share. As a group, research analysts anticipate that Deckers Outdoor Co. will post 26.87 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Deckers Outdoor news, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the completion of the sale, the director now directly owns 8,863 shares in the company, valued at $7,720,647.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela Ogbechie sold 313 shares of the business’s 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 transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,464 shares of company stock valued at $26,229,683. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent analyst reports. TD Cowen raised their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Evercore ISI assumed coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Piper Sandler boosted their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Barclays started coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

Deckers Outdoor Company 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.