Lisanti Capital Growth LLC Has $872,000 Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Lisanti Capital Growth LLC trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 62.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,305 shares of the textile maker’s stock after selling 2,170 shares during the period. Lisanti Capital Growth LLC’s holdings in Deckers Outdoor were worth $872,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Morgan Stanley lifted its stake in Deckers Outdoor by 82.6% in the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after purchasing an additional 527,546 shares during the last quarter. Invesco Ltd. lifted its stake in Deckers Outdoor by 8.9% in the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock valued at $234,917,000 after purchasing an additional 37,194 shares during the last quarter. Northern Trust Corp lifted its stake in Deckers Outdoor by 2.6% in the 3rd quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock valued at $119,030,000 after purchasing an additional 5,972 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in Deckers Outdoor in the 3rd quarter valued at about $72,727,000. Finally, Ameriprise Financial Inc. lifted its stake in Deckers Outdoor by 12.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 141,402 shares of the textile maker’s stock valued at $72,694,000 after purchasing an additional 15,541 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. TD Cowen raised their price objective on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Wedbush restated an “outperform” rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Monday. Finally, Truist Financial restated a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Stock Up 0.1 %

Shares of DECK traded up $0.53 during mid-day trading on Tuesday, hitting $862.38. 259,664 shares of the company’s stock were exchanged, compared to its average volume of 415,864. Deckers Outdoor Co. has a 52 week low of $424.36 and a 52 week high of $956.17. The stock’s 50-day simple moving average is $878.07 and its 200-day simple moving average is $763.88. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bonita C. Stewart sold 3,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the sale, the director now directly owns 8,863 shares in the company, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. Insiders have sold 26,792 shares of company stock valued at $23,173,771 over the last three months. 0.70% of the stock is owned by insiders.

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