Wealth High Governance Capital Ltda Purchases New Position in Deckers Outdoor Corporation $DECK

Wealth High Governance Capital Ltda purchased a new stake in Deckers Outdoor Corporation (NYSE:DECK) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 61,026 shares of the textile maker’s stock, valued at approximately $6,327,000.

Other hedge funds have also modified their holdings of the company. American National Bank & Trust grew its holdings in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the period. True Wealth Design LLC grew its holdings in shares of Deckers Outdoor by 2,440.0% in the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at $30,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robin Spring-Green sold 347 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider owned 42,461 shares in the company, valued at approximately $4,831,212.58. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the sale, the insider owned 80,449 shares in the company, valued at $9,333,692.98. This represents a 4.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,092 shares of company stock worth $1,048,552. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 4.5%

NYSE DECK opened at $101.40 on Thursday. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 2.29 and a beta of 1.21. The firm’s 50 day simple moving average is $106.42 and its 200 day simple moving average is $101.19. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $133.43.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $3.00 EPS. On average, equities research analysts forecast that Deckers Outdoor Corporation will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DECK shares. Piper Sandler reissued an “underweight” rating and issued a $95.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Needham & Company LLC upped their target price on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Sanford C. Bernstein set a $90.00 price target on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Jefferies Financial Group upped their target price on shares of Deckers Outdoor from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.35.

Deckers Outdoor Company Profile

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.