Flputnam Investment Management Co. Decreases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Flputnam Investment Management Co. lessened its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,593 shares of the textile maker's stock after selling 2,027 shares during the quarter. Flputnam Investment Management Co.'s holdings in Deckers Outdoor were worth $527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its stake in Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp lifted its position in shares of Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC boosted its stake in Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock valued at $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. grew its position in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock worth $203,674,000 after acquiring an additional 1,074,263 shares during the last quarter. Institutional investors own 97.79% of the company's stock.

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Analysts Set New Price Targets

DECK has been the subject of a number of research reports. KeyCorp increased their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial decreased their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Robert W. Baird raised their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Deckers Outdoor Stock Down 3.9 %

DECK stock traded down $5.12 during midday trading on Friday, hitting $126.81. The company's stock had a trading volume of 5,976,871 shares, compared to its average volume of 3,173,216. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.07. The stock's 50-day moving average price is $181.36 and its 200 day moving average price is $157.28. Deckers Outdoor Co. has a 1 year low of $122.61 and a 1 year 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, 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 analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction 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 approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.