Federated Hermes Inc. Has $3.10 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Posted by Defense World Staff on Aug 16th, 2023

Federated Hermes Inc. boosted its position in shares of Deckers Outdoor Co. (NYSE:DECK – Free Report) by 73.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,902 shares of the textile maker’s stock after purchasing an additional 2,919 shares during the period. Federated Hermes Inc.’s holdings in Deckers Outdoor were worth $3,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT raised its stake in shares of Deckers Outdoor by 2.8% in the first quarter. Alliance Wealth Advisors LLC UT now owns 978 shares of the textile maker’s stock valued at $440,000 after acquiring an additional 27 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Deckers Outdoor by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,099 shares of the textile maker’s stock worth $2,834,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Deckers Outdoor by 28.3% in the fourth quarter. Parallel Advisors LLC now owns 136 shares of the textile maker’s stock valued at $54,000 after buying an additional 30 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Deckers Outdoor by 1.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,807 shares of the textile maker’s stock valued at $812,000 after buying an additional 33 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Deckers Outdoor by 100.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock worth $32,000 after buying an additional 36 shares in the last quarter. 99.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Deckers Outdoor news, insider Caroti Stefano sold 7,408 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $490.00, for a total value of $3,629,920.00. Following the transaction, the insider now owns 45,142 shares of the company’s stock, valued at $22,119,580. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Deckers Outdoor news, CFO Steven J. Fasching sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $492.90, for a total value of $1,478,700.00. Following the sale, the chief financial officer now owns 24,948 shares in the company, valued at approximately $12,296,869.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Caroti Stefano sold 7,408 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $490.00, for a total transaction of $3,629,920.00. Following the transaction, the insider now directly owns 45,142 shares of the company’s stock, valued at $22,119,580. The disclosure for this sale can be found here. In the last three months, insiders sold 17,182 shares of company stock valued at $8,344,429. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Deckers Outdoor in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Piper Sandler upped their price objective on Deckers Outdoor from $535.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. BTIG Research lifted their target price on Deckers Outdoor from $613.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Raymond James initiated coverage on Deckers Outdoor in a research note on Tuesday, June 13th. They set an “outperform” rating and a $565.00 price target on the stock. Finally, Robert W. Baird lifted their price objective on Deckers Outdoor from $575.00 to $620.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.64.

View Our Latest Stock Analysis on Deckers Outdoor

Deckers Outdoor Stock Performance

DECK opened at $554.73 on Wednesday. The firm’s fifty day moving average is $531.94 and its two-hundred day moving average is $477.39. The firm has a market cap of $14.50 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. Deckers Outdoor Co. has a twelve month low of $298.61 and a twelve month high of $568.47.

Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its earnings results on Thursday, July 27th. The textile maker reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.25. Deckers Outdoor had a return on equity of 30.85% and a net margin of 14.33%. The firm had revenue of $675.79 million for the quarter, compared to analyst estimates of $666.95 million. During the same period in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts forecast that Deckers Outdoor Co. will post 22.33 EPS for the current fiscal year.

Deckers Outdoor Company Profile

(Free Report)

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.