Deckers Outdoor Co. (NYSE:DECK) Position Lessened by Dorsey Wright & Associates

Dorsey Wright & Associates lowered its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,342 shares of the textile maker's stock after selling 15,468 shares during the quarter. Deckers Outdoor comprises 2.5% of Dorsey Wright & Associates' investment portfolio, making the stock its 4th biggest holding. Dorsey Wright & Associates' holdings in Deckers Outdoor were worth $10,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DECK. Cerity Partners LLC grew its holdings in Deckers Outdoor by 1,781.4% in the third quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker's stock valued at $3,846,000 after purchasing an additional 22,837 shares during the last quarter. Algert Global LLC raised its stake in shares of Deckers Outdoor by 598.1% during the third quarter. Algert Global LLC now owns 2,988 shares of the textile maker's stock valued at $476,000 after purchasing an additional 2,560 shares during the period. Fisher Asset Management LLC boosted its position in Deckers Outdoor by 469.2% in the 3rd quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker's stock valued at $1,319,000 after buying an additional 6,817 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Deckers Outdoor by 498.2% in the 3rd quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker's stock valued at $26,688,000 after purchasing an additional 139,424 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Deckers Outdoor by 497.6% during the third quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker's stock worth $14,603,000 after purchasing an additional 76,259 shares during the period. Institutional investors and hedge funds own 97.79% of the company's stock.

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Analyst Upgrades and Downgrades

DECK has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, February 7th. KeyCorp raised their target price 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 restated a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's 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 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 Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 completion of the transaction, 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. Company insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

DECK stock traded down $16.75 during midday trading on Thursday, reaching $101.23. 4,197,688 shares of the company traded hands, compared to its average volume of 2,311,312. The business has a 50 day moving average of $147.53 and a 200-day moving average of $170.49. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 52-week low of $96.89 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.