Deckers Outdoor Co. (NYSE:DECK) Shares Sold by abrdn plc

abrdn plc trimmed its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 745,854 shares of the textile maker's stock after selling 48,241 shares during the quarter. abrdn plc owned about 0.49% of Deckers Outdoor worth $153,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of DECK. Solstein Capital LLC lifted its holdings in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after acquiring an additional 175 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor 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 sale, the chief financial officer now directly owns 153,036 shares of the company's stock, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anne Spangenberg sold 3,882 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the sale, the insider now owns 67,434 shares of the company's stock, valued at approximately $12,571,720.62. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,758 shares of company stock worth $13,506,861. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Trading Down 0.6 %

Shares of Deckers Outdoor stock traded down $1.06 during trading hours on Tuesday, reaching $169.57. The stock had a trading volume of 5,843,364 shares, compared to its average volume of 2,808,990. Deckers Outdoor Co. has a 1 year low of $131.39 and a 1 year high of $223.98. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07. The firm has a 50 day simple moving average of $205.90 and a two-hundred day simple moving average of $137.68.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts forecast that Deckers Outdoor Co. will post 5.92 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DECK shares. Barclays lifted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday. KeyCorp increased their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Finally, Seaport Res Ptn downgraded shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a report on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $197.41.

About Deckers Outdoor

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.