E Fund Management Co. Ltd. Lowers Position in Deckers Outdoor Co. (NYSE:DECK)

E Fund Management Co. Ltd. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,941 shares of the textile maker's stock after selling 2,519 shares during the period. E Fund Management Co. Ltd.'s holdings in Deckers Outdoor were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DECK. Resonant Capital Advisors LLC grew its stake in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock worth $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after buying an additional 54 shares during the period. Mather Group LLC. grew its position in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after buying an additional 64 shares in the last quarter. WD Rutherford LLC increased its stake in shares of Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock valued at $352,000 after buying an additional 79 shares during the period. Finally, Atomi Financial Group Inc. raised its holdings in shares of Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock valued at $273,000 after acquiring an additional 82 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Several brokerages have issued reports on DECK. Needham & Company LLC reiterated a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America increased their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, February 7th. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor has an average rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Trading Down 4.3 %

Shares of NYSE DECK traded down $5.42 during midday trading on Monday, reaching $121.30. The company had a trading volume of 1,017,120 shares, compared to its average volume of 3,120,438. Deckers Outdoor Co. has a 1 year low of $119.30 and a 1 year high of $223.98. The business's 50-day simple moving average is $179.75 and its 200 day simple moving average is $159.83. The stock has a market cap of $18.41 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its 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 return on equity of 41.71% and a net margin of 19.14%. Analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, 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. Insiders have sold a total of 39,574 shares of company stock worth $6,485,189 over the last quarter. Insiders own 0.40% of the company's stock.

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.