CANADA LIFE ASSURANCE Co Sells 11,560 Shares of Deckers Outdoor Co. (NYSE:DECK)

CANADA LIFE ASSURANCE Co decreased its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,083 shares of the textile maker's stock after selling 11,560 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.10% of Deckers Outdoor worth $31,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC boosted its holdings in shares of Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after buying an additional 52 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. grew its position in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock valued at $521,000 after acquiring an additional 64 shares during the period. Prosperity Wealth Management Inc. increased its stake in shares of Deckers Outdoor by 2.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker's stock worth $564,000 after purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC raised its holdings in Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after purchasing an additional 79 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DECK. Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Evercore ISI raised their target price 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. Wells Fargo & Company dropped their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. KeyCorp raised their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $187.89.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded up $5.08 during trading on Thursday, hitting $111.74. The stock had a trading volume of 883,990 shares, compared to its average volume of 3,218,186. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98. The firm's fifty day simple moving average is $121.25 and its 200-day simple moving average is $164.43. The stock has a market cap of $16.96 billion, a PE ratio of 18.11, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.