Gunderson Capital Management Inc. Lowers Position in Deckers Outdoor Co. (NYSE:DECK)

Gunderson Capital Management Inc. lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,886 shares of the textile maker’s stock after selling 5,460 shares during the period. Deckers Outdoor makes up approximately 1.6% of Gunderson Capital Management Inc.’s portfolio, making the stock its 23rd biggest holding. Gunderson Capital Management Inc.’s holdings in Deckers Outdoor were worth $3,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Unique Wealth LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth $383,000. Miracle Mile Advisors LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth about $1,067,000. Cadent Capital Advisors LLC raised its holdings in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after purchasing an additional 3,491 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Deckers Outdoor by 687.9% in the 4th quarter. Eagle Bay Advisors LLC now owns 520 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 454 shares in the last quarter. Finally, City Center Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth about $575,000. 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 research reports. Truist Financial raised their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Evercore ISI lifted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. TD Cowen boosted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.76.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 8,802 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the sale, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock worth $13,715,482 over the last 90 days. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $204.77 on Tuesday. The company’s fifty day moving average price is $196.15 and its two-hundred day moving average price is $119.42. The company has a market capitalization of $31.11 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Deckers Outdoor Co. has a 12 month low of $117.02 and a 12 month high of $214.70.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.49 EPS for the current year.

Deckers Outdoor Company Profile

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.