Commerce Bank Lowers Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Commerce Bank lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,887 shares of the textile maker's stock after selling 9,671 shares during the period. Commerce Bank's holdings in Deckers Outdoor were worth $8,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the fourth quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Fortitude Family Office LLC increased its stake in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of Deckers Outdoor by 404.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after buying an additional 202 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, 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. 0.40% of the stock is owned by insiders.

Deckers Outdoor Stock Performance

Shares of DECK traded up $0.32 during mid-day trading on Wednesday, hitting $106.74. 2,236,096 shares of the company were exchanged, compared to its average volume of 2,375,374. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. The company has a 50 day moving average of $122.22 and a 200-day moving average of $164.83.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 41.71% and a net margin of 19.14%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DECK. Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Evercore ISI increased their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $187.89.

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.