Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,071 shares of the textile maker’s stock after selling 1,115 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Deckers Outdoor were worth $1,233,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in shares of Deckers Outdoor by 126.5% in the second quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after buying an additional 129 shares during the period. Dimensional Fund Advisors LP raised its stake in Deckers Outdoor by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 161,638 shares of the textile maker’s stock valued at $156,509,000 after buying an additional 1,235 shares in the last quarter. Edgestream Partners L.P. bought a new position in Deckers Outdoor during the second quarter worth $327,000. Mercer Global Advisors Inc. ADV grew its position in shares of Deckers Outdoor by 2.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after buying an additional 34 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Deckers Outdoor by 5.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock worth $393,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DECK shares. Guggenheim began coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. UBS Group boosted their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Telsey Advisory Group raised their target price on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI increased their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Finally, TD Cowen lifted their target price on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $165.06.

Deckers Outdoor Price Performance

DECK stock opened at $210.15 on Friday. The firm has a 50 day simple moving average of $199.20 and a two-hundred day simple moving average of $123.82. The stock has a market cap of $31.93 billion, a PE ratio of 36.96, a P/E/G ratio of 2.89 and a beta of 1.08. Deckers Outdoor Co. has a one year low of $120.23 and a one year high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. On average, research analysts expect that Deckers Outdoor Co. will post 5.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock valued at $13,715,482 in the last quarter. Insiders own 0.40% of the company’s stock.

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.