Legal & General Group Plc Decreases Stake in Deckers Outdoor Co. (NYSE:DECK)

Legal & General Group Plc lowered its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,867 shares of the textile maker's stock after selling 230,739 shares during the quarter. Legal & General Group Plc owned 0.58% of Deckers Outdoor worth $178,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock valued at $34,000 after buying an additional 120 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after acquiring an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Deckers Outdoor Price Performance

DECK stock traded down $1.35 during mid-day trading on Tuesday, reaching $105.80. 808,265 shares of the company traded hands, compared to its average volume of 3,317,130. The company has a fifty day moving average price of $129.08 and a 200-day moving average price of $167.15. Deckers Outdoor Co. has a 52-week low of $93.72 and a 52-week high of $223.98. The company has a market capitalization of $16.06 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.68 and a beta of 1.07.

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Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction 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 represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DECK has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company dropped 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. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Piper Sandler cut their price target 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, Jefferies Financial Group raised their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $187.89.

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.