Deckers Outdoor Co. (NYSE:DECK) Holdings Cut by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in Deckers Outdoor Co. (NYSE:DECK - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,259 shares of the textile maker's stock after selling 6,226 shares during the period. Voya Investment Management LLC owned 0.07% of Deckers Outdoor worth $23,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker's stock worth $34,000 after acquiring an additional 120 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Deckers Outdoor by 825.0% in the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker's stock worth $45,000 after acquiring an additional 198 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in shares of Deckers Outdoor by 404.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker's stock worth $51,000 after acquiring an additional 202 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Up 2.3 %

NYSE:DECK traded up $2.52 during midday trading on Tuesday, reaching $111.67. The stock had a trading volume of 1,872,783 shares, compared to its average volume of 2,379,907. The firm has a fifty day simple moving average of $118.56 and a two-hundred day simple moving average of $163.43. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month high of $223.98. The stock has a market cap of $16.95 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. KeyCorp reduced their price objective on shares of Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday. Citigroup reduced their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Truist Financial reduced their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus price target of $179.83.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.