US Bancorp DE Has $9.62 Million Stake in Deckers Outdoor Corporation $DECK

Key Points

• US Bancorp DE boosted its stake in Deckers by 51.1% in Q4 to 92,805 shares, valued at $9.62 million (about 0.06% of the company) after acquiring 31,369 additional shares.
• Deckers beat expectations in its most recent quarter with EPS of $3.33 vs. $2.77 consensus and revenue of $1.96 billion vs. $1.87 billion, and reported a 41.6% ROE and 19.46% net margin.
• Market positioning is mixed: the average analyst rating is a 'Hold' with a $126.35 price target, institutional investors own ~97.79% of shares, and insiders sold 9,092 shares (~$1.05M) over the last three months.

US Bancorp DE lifted its position in shares of Deckers Outdoor Corporation (NYSE:DECK - Free Report) by 51.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,805 shares of the textile maker's stock after acquiring an additional 31,369 shares during the quarter. US Bancorp DE owned approximately 0.06% of Deckers Outdoor worth $9,621,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Wealth High Governance Capital Ltda acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $6,327,000. Interchange Capital Partners LLC lifted its holdings in Deckers Outdoor by 9.8% during the 4th quarter. Interchange Capital Partners LLC now owns 2,809 shares of the textile maker's stock worth $291,000 after buying an additional 250 shares during the period. Wealthfront Advisers LLC lifted its holdings in Deckers Outdoor by 23.3% during the 4th quarter. Wealthfront Advisers LLC now owns 6,261 shares of the textile maker's stock worth $649,000 after buying an additional 1,185 shares during the period. Certuity LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $202,000. Finally, Torren Management LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Wall Street Analyst Weigh In

DECK has been the topic of several recent research reports. Zacks Research downgraded Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 21st. Needham & Company LLC lifted their target price on Deckers Outdoor from $115.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Stifel Nicolaus lifted their target price on Deckers Outdoor from $117.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Citigroup reaffirmed a "buy" rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a report on Thursday, January 15th. Finally, Jefferies Financial Group lifted their target price on Deckers Outdoor from $102.00 to $105.00 and gave the stock a "hold" rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and an average price target of $126.35.

Insider Activity

In other Deckers Outdoor news, insider Robin Spring-Green sold 347 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the completion of the transaction, the insider directly owned 42,461 shares of the company's stock, valued at approximately $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the transaction, the insider directly owned 80,449 shares of the company's stock, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,092 shares of company stock valued at $1,048,552 over the last three months. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK opened at $100.78 on Friday. The stock has a 50 day moving average price of $106.10 and a two-hundred day moving average price of $101.21. The firm has a market capitalization of $14.31 billion, a P/E ratio of 14.23, a P/E/G ratio of 2.16 and a beta of 1.14. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $133.43.

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

About Deckers Outdoor

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.

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