Cumberland Partners Ltd Sells 630 Shares of Deckers Outdoor Co. (NYSE:DECK)

Cumberland Partners Ltd reduced its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,767 shares of the textile maker’s stock after selling 630 shares during the quarter. Cumberland Partners Ltd’s holdings in Deckers Outdoor were worth $5,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DECK. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $39,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares during the period. Janiczek Wealth Management LLC grew its stake in Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $80,000. 97.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $90,640,481.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is owned by company insiders.

Deckers Outdoor Price Performance

Shares of DECK stock traded up $19.72 during trading hours on Tuesday, reaching $829.94. The company had a trading volume of 272,696 shares, compared to its average volume of 432,607. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The business has a fifty day simple moving average of $884.19 and a 200-day simple moving average of $740.73. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating 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 return on equity of 38.77% and a net margin of 17.57%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $10.48 earnings per share. On average, equities research analysts expect that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. KeyCorp assumed coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. Finally, Barclays assumed coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective for the company. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

About Deckers Outdoor

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.