Candriam S.C.A. Cuts Position in Deckers Outdoor Co. (NYSE:DECK)

Candriam S.C.A. cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 89.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,359 shares of the textile maker's stock after selling 122,395 shares during the period. Candriam S.C.A.'s holdings in Deckers Outdoor were worth $2,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. Bell Investment Advisors Inc raised its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Rakuten Securities Inc. raised its holdings in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after buying an additional 175 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Deckers Outdoor in the third quarter worth approximately $36,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Deckers Outdoor by 2,966.7% in the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker's stock worth $44,000 after buying an additional 267 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DECK shares. Barclays increased their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, Robert W. Baird raised their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated 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 transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,574 shares of company stock valued at $6,485,189. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Down 5.4 %

Shares of Deckers Outdoor stock traded down $6.86 during trading on Monday, reaching $119.86. The company's stock had a trading volume of 2,543,057 shares, compared to its average volume of 3,154,297. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $119.30 and a 1-year high of $223.98. The company has a 50-day simple moving average of $179.75 and a two-hundred day simple moving average of $159.83.

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 for the quarter, topping analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.