Deckers Outdoor Co. (NYSE:DECK) Shares Acquired by Panview Asian Equity Master Fund

Panview Asian Equity Master Fund increased its stake in Deckers Outdoor Co. (NYSE:DECK) by 38.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,500 shares of the textile maker’s stock after buying an additional 12,000 shares during the quarter. Deckers Outdoor comprises about 19.4% of Panview Asian Equity Master Fund’s holdings, making the stock its biggest position. Panview Asian Equity Master Fund’s holdings in Deckers Outdoor were worth $29,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor during the fourth quarter worth approximately $39,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares in the last quarter. Janiczek Wealth Management LLC increased its position in shares of Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after purchasing an additional 16 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Deckers Outdoor in the 4th quarter worth $80,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded up $19.72 during trading hours on Tuesday, hitting $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 fifty-two week low of $424.36 and a fifty-two week high of $956.17. The firm has a market capitalization of $21.30 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The firm’s fifty day moving average is $884.06 and its 200-day moving average is $743.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $10.48 earnings per share. Analysts anticipate that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Piper Sandler boosted their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. KeyCorp started coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 target price for the company. TD Cowen upped their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Truist Financial reiterated a “hold” rating and set a $864.00 price objective (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the completion of the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Steven J. Fasching sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Powers sold 5,993 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The disclosure for this sale can be found here. Insiders sold 30,464 shares of company stock valued at $26,229,683 in the last three months. Corporate insiders own 0.70% of the company’s stock.

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.