Asio Capital LLC Reduces Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Asio Capital LLC decreased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,331 shares of the textile maker’s stock after selling 1,202 shares during the quarter. Deckers Outdoor makes up about 2.1% of Asio Capital LLC’s investment portfolio, making the stock its 14th largest position. Asio Capital LLC’s holdings in Deckers Outdoor were worth $11,237,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Solstein Capital LLC boosted its holdings in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE DECK opened at $216.90 on Friday. Deckers Outdoor Co. has a one year low of $125.15 and a one year high of $218.92. The stock’s 50-day moving average is $203.00 and its 200-day moving average is $130.43. The firm has a market cap of $32.95 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.98 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. Equities analysts anticipate that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on DECK shares. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Citigroup boosted their price objective on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday. KeyCorp upped their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.20.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction 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 represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. 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 over the last 90 days. 0.40% of the stock is currently owned by 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.