On September 26, 2023, it was reported that Great Diamond Partners LLC has acquired a new stake in Deckers Outdoor Co. The transaction took place in the second quarter and was disclosed in the firm’s recent filing with the Securities and Exchange Commission. This acquisition involved Great Diamond Partners LLC purchasing 397 shares of Deckers Outdoor Co., a textile maker, with an estimated value of $209,000.
Deckers Outdoor Co. had previously released its earnings results on July 27th of the same year. During that quarter, the company reported earnings per share (EPS) of $2.41, surpassing the consensus estimate of $2.16 by $0.25. The company recorded revenue of $675.79 million for the period, compared to analyst expectations of $666.95 million.
The net margin for Deckers Outdoor Co. was calculated at 14.33%, reflecting a return on equity of 30.85%. Furthermore, the earnings report indicated that there was a 10% increase in revenue for that quarter compared to the previous year’s corresponding quarter when they had earned $1.66 per share.
Analysts conducting research on Deckers Outdoor Co.’s performance expect that the company will achieve earnings per share of 22.4 for this current year.
In other news related to the company, insider Thomas Garcia recently sold 3,595 shares of Deckers Outdoor Co.’s stock on Thursday, September 7th. These shares were sold at an average price of $516.73, totaling to approximately $1,857,644.35 from this transaction alone.
Following this sale, Thomas Garcia retained ownership of 16,457 shares in Deckers Outdoor Co., valued at an estimated amount of $8,503,825.61 as per today’s market prices.
Details regarding this insider trading were filed with the Securities & Exchange Commission and can be accessed through their official website. The disclosure of company insiders selling shares to the public is a regulatory requirement to ensure transparency in such transactions.
It should be noted that company insiders now hold 0.70% of Deckers Outdoor Co.’s stock, indicating a moderate level of direct ownership by individuals closely related to the organization.
For investors interested in understanding the latest developments within Deckers Outdoor Co., it is essential to keep track of such transactions and announcements made by the company, which can provide insight into its financial performance and overall market outlook.
Booz Allen Hamilton Holding Corporation
BAH
Strong Buy
Updated on: 05/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Hedge Funds Show Interest in Deckers Outdoor Co. as Institutional Investors Increase Holdings
September 26, 2023 – Deckers Outdoor Co., a textile maker known for its outdoor footwear and apparel, has attracted the attention of several hedge funds in recent months. Notably, Janiczek Wealth Management LLC increased its position in the company by 64.3% during the second quarter, acquiring an additional 27 shares of Deckers Outdoor stock. This adds to their existing ownership of 69 shares worth $36,000.
Another firm that significantly expanded its holdings in Deckers Outdoor is Massmutual Trust Co. FSB ADV. They increased their position by 100.0% during the first quarter, acquiring an additional 36 shares valued at $32,000. Financial Management Professionals Inc., on the other hand, saw a staggering increase in their holdings of Deckers Outdoor stock – a whopping 9,000.0% during the first quarter. They now own 91 shares worth $41,000.
Global Retirement Partners LLC is another institutional investor that significantly boosted its stake in Deckers Outdoor during the first quarter. Their holdings skyrocketed by 2,375.0%, adding an additional 95 shares to their portfolio valued at $48,000.
Interestingly, Mitsubishi UFJ Trust & Banking Corp decided to establish a new position in Deckers Outdoor during the first quarter with an investment worth approximately $58,000.
Overall, it’s important to note that these hedge funds and institutional investors currently possess a significant portion of Deckers Outdoor stock – about 95.69%. This indicates a high level of interest and confidence among these entities with regards to the prospects of Deckers Outdoor as an investment.
Deckers Outdoor Co.’s stock opened at $511.57 on Tuesday with a market capitalization of $13.37 billion. The company’s price-to-earnings ratio stands at 25.39 and has a PEG ratio of 1.28. Its beta is calculated at 0.92. Over the past year, Deckers Outdoor’s stock has seen a low of $298.61 and a high of $568.47. As of now, the company’s fifty-day simple moving average is $539.01, while its 200-day simple moving average is $500.80.
Several research reports have been published lately regarding Deckers Outdoor Co., shedding light on its performance and potential growth opportunities. Piper Sandler issued a report on July 24th, raising their target price for the stock from $535.00 to $595.00 and giving it an “overweight” rating. Another report by Wedbush on July 26th increased their target price to $614.00 from the previous $505.00.
Earlier this month, StockNews.com initiated coverage on Deckers Outdoor with a “hold” rating, highlighting a neutral position on the stock.
Robert W. Baird released a research note on July 28th, boosting their price objective from $575.00 to $620.00 while categorizing the company as an “outperform.”
UBS Group also increased their price objective in another research note published on July 28th, raising it to $720.00 from the previous mark of $715.00 and reaffirming their “buy” rating.
In total, analysts have provided an average rating of “Moderate Buy” for Deckers Outdoor stock, with a consensus target price of approximately $577.64 based on data from Bloomberg.
As investors evaluate Deckers Outdoor Co.’s prospects moving forward, staying informed about its latest research reports can provide valuable insights into future performance indicators and potential investment opportunities within the outdoor apparel industry.
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