Daiwa Securities Group Inc. Has $5.69 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Daiwa Securities Group Inc. reduced its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,023 shares of the textile maker's stock after selling 4,903 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Deckers Outdoor were worth $5,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Bell Investment Advisors Inc boosted 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 worth $28,000 after buying an additional 146 shares during the period. Rakuten Securities Inc. grew its stake 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 purchasing an additional 175 shares during the last quarter. Fortitude Family Office LLC increased its position 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 during the period. Finally, Brooklyn Investment Group bought a new position in Deckers Outdoor during the third quarter worth $36,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $4.74 during trading hours on Thursday, hitting $116.84. The stock had a trading volume of 4,223,344 shares, compared to its average volume of 3,221,646. Deckers Outdoor Co. has a 1-year low of $115.06 and a 1-year high of $223.98. The stock's fifty day moving average is $174.78 and its two-hundred day moving average is $160.88. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.68 and a beta of 1.10.

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Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial decreased their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on 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 directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor 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.