Robeco Schweiz AG Sells 14,206 Shares of Deckers Outdoor Co. (NYSE:DECK)

Robeco Schweiz AG reduced its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,144 shares of the textile maker's stock after selling 14,206 shares during the period. Robeco Schweiz AG's holdings in Deckers Outdoor were worth $9,574,000 as of its most recent SEC filing.

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

Remove Ads

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares of the company's stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm's stock in a transaction dated 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 directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % 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 Stock Up 0.6 %

Shares of DECK stock traded up $0.80 during trading hours on Friday, reaching $139.29. 3,003,189 shares of the stock traded hands, compared to its average volume of 3,122,442. The firm has a market capitalization of $21.14 billion, a PE ratio of 22.58, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The business has a fifty day moving average price of $187.25 and a 200 day moving average price of $155.16.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (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%. Research analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on DECK. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Bank of America raised their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. 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. Finally, Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.41.

Deckers Outdoor Company 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.