Lbp Am Sa Decreases Stake in Deckers Outdoor Co. (NYSE:DECK)

Lbp Am Sa cut its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,829 shares of the textile maker’s stock after selling 2,288 shares during the quarter. Lbp Am Sa’s holdings in Deckers Outdoor were worth $14,588,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DECK. Atria Investments Inc raised its holdings in shares of Deckers Outdoor by 583.9% during the 3rd quarter. Atria Investments Inc now owns 16,263 shares of the textile maker’s stock worth $2,593,000 after acquiring an additional 13,885 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Deckers Outdoor by 2,854.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 325 shares of the textile maker’s stock valued at $52,000 after buying an additional 314 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Deckers Outdoor by 664.7% during the 3rd quarter. GSA Capital Partners LLP now owns 6,156 shares of the textile maker’s stock worth $982,000 after buying an additional 5,351 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Deckers Outdoor by 602.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 359,623 shares of the textile maker’s stock worth $57,342,000 after buying an additional 308,444 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Deckers Outdoor by 317.6% in the third quarter. Victory Capital Management Inc. now owns 94,702 shares of the textile maker’s stock valued at $15,100,000 after acquiring an additional 72,022 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DECK shares. UBS Group lifted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Activity

In related 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 directly owns 10,388 shares in the company, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was 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 Trading Up 1.3 %

Shares of NYSE:DECK opened at $118.55 on Friday. The firm has a 50 day simple moving average of $171.26 and a 200-day simple moving average of $161.21. The company has a market capitalization of $17.99 billion, a PE ratio of 19.22, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a twelve month low of $115.06 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal 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.