Mission Wealth Management LP Sells 3,337 Shares of Deckers Outdoor Co. (NYSE:DECK)

Mission Wealth Management LP lowered its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,630 shares of the textile maker's stock after selling 3,337 shares during the quarter. Mission Wealth Management LP's holdings in Deckers Outdoor were worth $3,174,000 as of its most recent filing with the Securities & Exchange Commission.

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

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Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,574 shares of company stock valued at $6,505,085. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Citigroup raised shares of Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

NYSE DECK traded down $4.48 during trading on Thursday, hitting $131.61. The stock had a trading volume of 3,037,475 shares, compared to its average volume of 3,107,709. The stock has a 50 day simple moving average of $182.92 and a 200 day simple moving average of $157.46. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a one year low of $130.76 and a one 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%. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current 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.