Moran Wealth Management LLC lessened its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,518 shares of the textile maker's stock after selling 71,692 shares during the period. Moran Wealth Management LLC's holdings in Deckers Outdoor were worth $13,509,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of DECK. Allspring Global Investments Holdings LLC increased its position in shares of Deckers Outdoor by 109.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after buying an additional 235,091 shares in the last quarter. Navellier & Associates Inc. grew its stake in Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after acquiring an additional 2,668 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after acquiring an additional 32,318 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker's stock valued at $101,457,000 after purchasing an additional 102,134 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. UBS Group upped their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Truist Financial decreased their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Citigroup upgraded Deckers Outdoor from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Finally, Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.41.
Check Out Our Latest Stock Analysis on DECK
Insiders Place Their Bets
In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred 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 owns 259,266 shares of the company's stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,574 shares of company stock worth $6,485,189 over the last ninety days. Corporate insiders own 0.40% of the company's stock.
Deckers Outdoor Trading Down 3.9 %
Shares of NYSE:DECK opened at $126.81 on Monday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12-month low of $122.61 and a 12-month high of $223.98. The business has a 50-day moving average price of $179.75 and a 200 day moving average price of $159.83.
Deckers Outdoor (NYSE:DECK - Get Free Report) last announced 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, equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.
About Deckers Outdoor
(
Free Report)
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.
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