Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 78.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,362 shares of the textile maker’s stock after selling 12,558 shares during the period. Mutual of America Capital Management LLC’s holdings in Deckers Outdoor were worth $3,165,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DECK. Hudson Bay Capital Management LP acquired a new position in Deckers Outdoor during the 3rd quarter worth about $2,935,000. Anchor Investment Management LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $33,000. Fulton Bank N.A. lifted its stake in Deckers Outdoor by 3.3% during the 4th quarter. Fulton Bank N.A. now owns 1,587 shares of the textile maker’s stock worth $1,061,000 after acquiring an additional 51 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Deckers Outdoor during the 4th quarter worth about $80,000. Finally, Dfpg Investments LLC lifted its stake in Deckers Outdoor by 3.9% during the 4th quarter. Dfpg Investments LLC now owns 847 shares of the textile maker’s stock worth $575,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, CEO David Powers sold 10,955 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the transaction, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, insider Caroti Stefano sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the sale, the insider now directly owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Powers sold 10,955 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The disclosure for this sale can be found here. Insiders have sold 28,101 shares of company stock worth $28,858,562 in the last quarter. 0.70% of the stock is owned by insiders.

Deckers Outdoor Stock Down 0.5 %

NYSE:DECK opened at $888.64 on Friday. The stock’s 50 day moving average price is $967.82 and its 200 day moving average price is $874.30. The company has a market capitalization of $22.61 billion, a PE ratio of 30.34, a P/E/G ratio of 3.18 and a beta of 1.06. Deckers Outdoor Co. has a 52-week low of $484.02 and a 52-week high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.46 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 30.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on DECK. Bank of America increased their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. BTIG Research increased their price target on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Wedbush reaffirmed an “outperform” rating and issued a $1,030.00 price target on shares of Deckers Outdoor in a research report on Thursday. Citigroup increased their price target on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company increased their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,023.44.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.