Bank of New York Mellon Corp Cuts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Bank of New York Mellon Corp lessened its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,043,196 shares of the textile maker's stock after selling 29,506 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of Deckers Outdoor worth $211,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Solstein Capital LLC boosted its holdings in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock valued at $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its position in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in 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 worth $32,000 after purchasing an additional 200 shares during the period. 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 valued at $35,000 after purchasing an additional 175 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

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Deckers Outdoor Trading Down 1.5 %

DECK stock traded down $2.13 during trading on Monday, reaching $137.23. The stock had a trading volume of 2,335,595 shares, compared to its average volume of 3,088,503. The stock's 50 day moving average is $187.25 and its two-hundred day moving average is $156.07. The firm has a market cap of $20.83 billion, a PE ratio of 22.25, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 52 week low of $131.39 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company's stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

DECK has been the topic of several recent research reports. UBS Group upped their price target on Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Evercore ISI raised their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Barclays lifted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp lifted their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $197.41.

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.