Deckers Outdoor Co. (NYSE:DECK) Shares Sold by National Pension Service

National Pension Service cut its position in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,282 shares of the textile maker's stock after selling 7,000 shares during the quarter. National Pension Service owned about 0.17% of Deckers Outdoor worth $52,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Solstein Capital LLC boosted its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock valued at $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new position in Deckers Outdoor in the fourth quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker's stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. increased its position in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Deckers Outdoor Stock Down 1.5 %

NYSE:DECK traded down $2.13 during midday trading on Monday, hitting $137.23. The stock had a trading volume of 2,783,069 shares, compared to its average volume of 3,113,939. The stock has a 50-day moving average of $187.25 and a 200 day moving average of $156.07. The company has a market capitalization of $20.83 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a one year low of $131.39 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, 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%. On average, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird increased 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. 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 note on Friday, January 31st. Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on Deckers Outdoor from $180.00 to $200.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Finally, Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company's stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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.