Inspire Investing LLC Reduces Stake in Deckers Outdoor Co. (NYSE:DECK)

Inspire Investing LLC lessened its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 83.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,267 shares of the textile maker's stock after selling 6,165 shares during the period. Inspire Investing LLC's holdings in Deckers Outdoor were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mutual Advisors LLC raised its stake in Deckers Outdoor by 5.2% during the fourth quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker's stock worth $478,000 after buying an additional 114 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $31,000. Nisa Investment Advisors LLC boosted its position in shares of Deckers Outdoor by 1.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,656 shares of the textile maker's stock valued at $14,553,000 after purchasing an additional 1,046 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Deckers Outdoor by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock worth $273,000 after purchasing an additional 82 shares during the period. Finally, Capricorn Fund Managers Ltd bought a new stake in Deckers Outdoor in the fourth quarter worth approximately $8,230,000. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Stock Down 20.3 %

NYSE:DECK traded down $45.26 during mid-day trading on Friday, hitting $177.85. 15,044,531 shares of the stock traded hands, compared to its average volume of 1,503,056. Deckers Outdoor Co. has a 12-month low of $125.15 and a 12-month high of $223.98. The company has a market cap of $27.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The business's 50-day moving average price is $205.90 and its 200 day moving average price is $136.89.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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 41.48% and a net margin of 18.95%. Analysts anticipate that Deckers Outdoor Co. will post 5.62 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares in the company, valued at $26,781,300. This trade represents a 5.44 % 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, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,758 shares of company stock valued at $13,506,861. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

DECK has been the subject of several research reports. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp boosted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.41.

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.