Victory Capital Management Inc. Cuts Stake in Deckers Outdoor Co. (NYSE:DECK)

Victory Capital Management Inc. cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK - Free Report) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,783 shares of the textile maker's stock after selling 26,919 shares during the quarter. Victory Capital Management Inc.'s holdings in Deckers Outdoor were worth $13,766,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc raised its position in Deckers Outdoor by 521.4% in 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 during the period. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor during the fourth quarter valued at about $31,000. Rakuten Securities Inc. increased its holdings in shares of Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker's stock worth $35,000 after buying an additional 175 shares during the period. Brooklyn Investment Group bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $36,000. Finally, Avior Wealth Management LLC boosted its holdings in Deckers Outdoor by 2,966.7% during the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker's stock valued at $44,000 after acquiring an additional 267 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Evercore ISI lifted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Wells Fargo & Company lowered their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Bank of America increased their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $197.41.

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Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares of the company's stock, valued at $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Deckers Outdoor Stock Up 1.0 %

NYSE DECK opened at $121.71 on Thursday. The firm has a market capitalization of $18.47 billion, a PE ratio of 19.73, a P/E/G ratio of 1.68 and a beta of 1.10. The stock's 50 day moving average is $174.78 and its 200 day moving average is $160.88. Deckers Outdoor Co. has a twelve month low of $119.30 and a twelve month high of $223.98.

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

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.

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