Alliancebernstein L.P. Sells 54,782 Shares of Deckers Outdoor Co. (NYSE:DECK)

Alliancebernstein L.P. reduced its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 602,670 shares of the textile maker's stock after selling 54,782 shares during the period. Alliancebernstein L.P. owned about 0.40% of Deckers Outdoor worth $122,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. Public Sector Pension Investment Board boosted its holdings in Deckers Outdoor by 605.5% during the third quarter. Public Sector Pension Investment Board now owns 6,688 shares of the textile maker's stock worth $1,066,000 after purchasing an additional 5,740 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Deckers Outdoor by 431.6% during the 3rd quarter. Captrust Financial Advisors now owns 7,362 shares of the textile maker's stock worth $1,174,000 after buying an additional 5,977 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of Deckers Outdoor by 1,857.7% in the 3rd quarter. Edgestream Partners L.P. now owns 6,617 shares of the textile maker's stock valued at $1,055,000 after acquiring an additional 6,279 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Deckers Outdoor by 417.5% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,441 shares of the textile maker's stock valued at $4,057,000 after acquiring an additional 20,525 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Deckers Outdoor by 32,965.2% in the third quarter. Benjamin Edwards Inc. now owns 7,605 shares of the textile maker's stock valued at $1,213,000 after acquiring an additional 7,582 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Performance

Shares of DECK traded down $0.06 during mid-day trading on Monday, reaching $105.96. The company had a trading volume of 4,714,337 shares, compared to its average volume of 2,364,836. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.68 and a beta of 1.07. The company's 50 day simple moving average is $140.84 and its 200 day simple moving average is $169.53. Deckers Outdoor Co. has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America boosted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. UBS Group upped their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays upped their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares of the company's stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 241,777 shares of the company's stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. 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.