AlphaQuest LLC Cuts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

AlphaQuest LLC lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 38.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,380 shares of the textile maker’s stock after selling 2,155 shares during the period. AlphaQuest LLC’s holdings in Deckers Outdoor were worth $686,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Resonant Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after acquiring an additional 52 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. raised its stake in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares during the period. WD Rutherford LLC raised its stake in shares of Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after acquiring an additional 79 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in shares of Deckers Outdoor by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

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

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Jefferies Financial Group raised their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Robert W. Baird raised their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $120.54 on Wednesday. The firm’s 50-day moving average is $176.41 and its 200-day moving average is $161.15. Deckers Outdoor Co. has a 1 year low of $119.30 and a 1 year high of $223.98. The company has a market cap of $18.29 billion, a P/E ratio of 19.54, a PEG ratio of 1.68 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

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.