Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Reduced by MML Investors Services LLC

MML Investors Services LLC cut its position in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,899 shares of the textile maker's stock after selling 2,529 shares during the quarter. MML Investors Services LLC's holdings in Deckers Outdoor were worth $11,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. Passumpsic Savings Bank grew its stake in Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker's stock worth $4,352,000 after purchasing an additional 22,572 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Deckers Outdoor by 500.0% during the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker's stock worth $80,000 after buying an additional 420 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Deckers Outdoor in the third quarter valued at approximately $679,000. Tidal Investments LLC lifted its stake in Deckers Outdoor by 3,540.6% in the third quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker's stock worth $24,206,000 after acquiring an additional 147,642 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker's stock worth $62,825,000 after acquiring an additional 325,451 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Truist Financial decreased their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and an average price target of $187.89.

Insider Buying and Selling at Deckers Outdoor

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

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $1.52 during trading on Friday, hitting $109.13. The stock had a trading volume of 2,006,045 shares, compared to its average volume of 2,374,978. The business has a fifty day moving average of $120.36 and a two-hundred day moving average of $164.10. Deckers Outdoor Co. has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market cap of $16.56 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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, research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share 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.