Invesco Ltd. Sells 6,312 Shares of Deckers Outdoor Co. (NYSE:DECK)

Invesco Ltd. lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,892,017 shares of the textile maker's stock after selling 6,312 shares during the period. Invesco Ltd. owned approximately 1.91% of Deckers Outdoor worth $587,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Deckers Outdoor by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker's stock worth $3,582,464,000 after buying an additional 229,807 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker's stock valued at $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank bought a new stake in Deckers Outdoor in the fourth quarter valued at about $392,583,000. American Century Companies Inc. raised its position in Deckers Outdoor by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker's stock worth $265,262,000 after purchasing an additional 78,623 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the period. Institutional investors own 97.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DECK. KeyCorp increased their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Piper Sandler lowered their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Bank of America increased their target price 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. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $187.89.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the 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 sale, the director now directly owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The sale 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 business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Deckers Outdoor Stock Performance

NYSE:DECK traded down $0.69 on Friday, hitting $108.94. 3,588,024 shares of the stock were exchanged, compared to its average volume of 2,379,576. Deckers Outdoor Co. has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.07. The company's 50-day moving average price is $130.39 and its 200 day moving average price is $167.52.

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

About Deckers Outdoor

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.