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

Cumberland Partners Ltd reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DECK. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased 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 holdings 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 purchasing an additional 51 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 20.8% in the fourth 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. purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $80,000. 97.79% of the stock is owned by institutional investors.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $90,640,481.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following 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 filing with the SEC, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $90,640,481.30. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 in the last ninety days. Company insiders own 0.70% of the company’s stock.

Deckers Outdoor Trading Up 2.4 %

Shares of DECK stock traded up $19.72 during trading hours on Tuesday, reaching $829.94. 272,696 shares of the company’s stock were exchanged, compared to its average volume of 432,607. The stock’s 50 day moving average is $884.19 and its 200-day moving average is $740.73. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 1.01. Deckers Outdoor Co. has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) 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 return on equity of 38.77% and a net margin of 17.57%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $10.48 earnings per share. Equities analysts anticipate that Deckers Outdoor Co. will post 26.87 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler boosted their price target on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Barclays assumed coverage on Deckers Outdoor in a report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a report on Thursday, February 15th. Stifel Nicolaus upped their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Finally, Evercore ISI began coverage on Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price for the company. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Deckers Outdoor 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.