Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 352,047 shares of the textile maker's stock after selling 7,576 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Deckers Outdoor worth $71,497,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DECK. Solstein Capital LLC grew its stake in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker's stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker's stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Deckers Outdoor by 2,000.0% in 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 in the last quarter. Finally, Rakuten Securities Inc. boosted its stake 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 valued at $35,000 after buying an additional 175 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of the firm'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 value of $3,155,040.00. Following the completion of the transaction, the insider now directly owns 63,642 shares of the company's stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Stock Down 2.4 %

Shares of NYSE DECK traded down $3.84 during mid-day trading on Tuesday, hitting $157.81. 3,478,561 shares of the company were exchanged, compared to its average volume of 3,064,555. The stock has a 50 day simple moving average of $202.74 and a 200-day simple moving average of $143.80. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on DECK. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research note on Thursday, October 17th. Jefferies Financial Group upped their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. KeyCorp boosted their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective 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. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.