Pacer Advisors Inc. Decreases Holdings in Deckers Outdoor Co. (NYSE:DECK)

Pacer Advisors Inc. lowered its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,164 shares of the textile maker's stock after selling 13,849 shares during the quarter. Pacer Advisors Inc.'s holdings in Deckers Outdoor were worth $2,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its stake in Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker's stock worth $3,646,539,000 after buying an additional 19,053,113 shares in the last quarter. State Street Corp grew its stake in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker's stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker's stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Deckers Outdoor by 529.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker's stock worth $203,674,000 after purchasing an additional 1,074,263 shares during the period. Institutional investors own 97.79% of the company's stock.

Insider Activity

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares of the company's stock, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is currently owned by insiders.

Deckers Outdoor Stock Performance

DECK traded down $1.06 on Tuesday, reaching $169.57. The company had a trading volume of 5,843,364 shares, compared to its average volume of 2,808,990. The business has a 50 day simple moving average of $204.88 and a 200 day simple moving average of $139.73. The company has a market cap of $25.76 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.85 and a beta of 1.07. Deckers Outdoor Co. has a 52-week low of $131.39 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data 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 return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts predict that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Seaport Res Ptn downgraded shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. BTIG Research downgraded shares of Deckers Outdoor from a "buy" rating to a "neutral" rating in a report on Tuesday, October 22nd. Piper Sandler set a $166.00 target price on Deckers Outdoor in a report on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Citigroup increased their price target on Deckers Outdoor from $178.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $197.41.

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.