Hancock Whitney Corp Lowers Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Hancock Whitney Corp cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 6.4% 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 63,404 shares of the textile maker's stock after selling 4,345 shares during the period. Hancock Whitney Corp's holdings in Deckers Outdoor were worth $12,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research firms have recently issued reports on DECK. Raymond James raised Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and dropped their price target for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Piper Sandler cut their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Bank of America upped their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Citigroup reduced their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wells Fargo & Company cut their price target on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Nine equities research 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 company's stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus price target of $179.83.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 2.6 %

Shares of DECK traded up $2.80 during trading on Tuesday, reaching $111.95. 923,116 shares of the company traded hands, compared to its average volume of 2,371,063. The stock has a 50-day simple moving average of $118.56 and a 200-day simple moving average of $163.43. The stock has a market cap of $16.99 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a twelve month low of $93.72 and a twelve month high of $223.98.

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 net margin of 19.14% and a return on equity of 41.71%. On average, equities research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

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.