Fmr LLC Reduces Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

FMR LLC cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,788,264 shares of the textile maker's stock after selling 81,221 shares during the period. FMR LLC owned approximately 15.01% of Deckers Outdoor worth $4,628,069,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Polymer Capital Management HK LTD boosted its holdings in Deckers Outdoor by 12.2% in the fourth quarter. Polymer Capital Management HK LTD now owns 37,816 shares of the textile maker's stock worth $7,680,000 after purchasing an additional 4,104 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Deckers Outdoor by 76.5% in the 4th quarter. Federated Hermes Inc. now owns 55,461 shares of the textile maker's stock worth $11,264,000 after buying an additional 24,042 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in Deckers Outdoor by 404.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock valued at $51,000 after acquiring an additional 202 shares during the last quarter. Alcosta Capital Management Inc. lifted its holdings in Deckers Outdoor by 0.3% in the fourth quarter. Alcosta Capital Management Inc. now owns 33,787 shares of the textile maker's stock valued at $6,862,000 after acquiring an additional 90 shares during the period. Finally, Titleist Asset Management LLC purchased a new position in Deckers Outdoor in the fourth quarter worth about $375,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Evercore ISI raised their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, UBS Group boosted their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a "buy" rating in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Performance

DECK traded down $1.24 during trading on Friday, reaching $108.39. 1,645,904 shares of the company traded hands, compared to its average volume of 2,371,933. The company has a market cap of $16.45 billion, a P/E ratio of 17.45, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The firm has a fifty day simple moving average of $131.60 and a 200 day simple moving average of $167.76.

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, 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%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Deckers Outdoor 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.