Franklin Resources Inc. Has $64.83 Million Holdings in Deckers Outdoor Co. (NYSE:DECK)

Franklin Resources Inc. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,224 shares of the textile maker's stock after selling 71,650 shares during the period. Franklin Resources Inc. owned about 0.21% of Deckers Outdoor worth $64,831,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. raised 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 worth $34,000 after acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC boosted its position in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock valued at $45,000 after purchasing an additional 198 shares during the last quarter. Rakuten Securities Inc. grew its stake in Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker's stock valued at $71,000 after purchasing an additional 131 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Deckers Outdoor by 107.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker's stock valued at $74,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 of the company's stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 241,777 shares of the company's stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 1.3 %

Shares of DECK stock traded up $1.39 during trading on Tuesday, reaching $107.52. The company's stock had a trading volume of 1,095,943 shares, compared to its average volume of 3,294,577. Deckers Outdoor Co. has a one year low of $93.72 and a one year high of $223.98. The business has a fifty day moving average price of $140.84 and a 200-day moving average price of $169.53. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released 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%. Research analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on DECK shares. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Barclays lifted their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $197.41.

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.