Hantz Financial Services Inc. Sells 58,850 Shares of Deckers Outdoor Corporation $DECK

Hantz Financial Services Inc. trimmed its holdings in Deckers Outdoor Corporation (NYSE:DECK) by 85.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,807 shares of the textile maker’s stock after selling 58,850 shares during the period. Hantz Financial Services Inc.’s holdings in Deckers Outdoor were worth $994,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. American National Bank & Trust raised its stake in Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC grew its holdings in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after buying an additional 244 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after buying an additional 215 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Deckers Outdoor in the third quarter worth $30,000. Finally, CVA Family Office LLC lifted its holdings in shares of Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DECK. Evercore set a $108.00 target price on shares of Deckers Outdoor in a research note on Friday, January 30th. Truist Financial set a $132.00 price objective on Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial set a $115.00 target price on Deckers Outdoor and gave the stock a “strong-buy” rating in a report on Friday, October 24th. TD Cowen reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 24th. Finally, Guggenheim initiated coverage on Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.20.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $115.51 on Friday. The company has a market cap of $16.40 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. Deckers Outdoor Corporation has a 1 year low of $78.91 and a 1 year high of $174.38. The stock’s 50 day simple moving average is $102.92 and its two-hundred day simple moving average is $101.96.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.56. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 EPS. Equities research analysts expect that Deckers Outdoor Corporation will post 5.89 EPS 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.