Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,922 shares of the textile maker’s stock after selling 456 shares during the quarter. Stonegate Investment Group LLC’s holdings in Deckers Outdoor were worth $2,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. FinTrust Capital Advisors LLC grew its holdings in Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $33,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor during the first quarter worth about $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of NYSE DECK traded down $13.96 during mid-day trading on Tuesday, hitting $818.47. The company had a trading volume of 289,883 shares, compared to its average volume of 425,676. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.48 and a beta of 1.01. The firm’s 50 day simple moving average is $880.79 and its two-hundred day simple moving average is $754.61.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business posted $10.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor Co. will post 26.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Piper Sandler upped their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Barclays began coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They set an “overweight” rating and a $1,110.00 price objective for the company. Truist Financial reissued a “hold” rating and issued a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Finally, TD Cowen increased their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is owned by company insiders.

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