Vontobel Holding Ltd. Reduces Holdings in Deckers Outdoor Co. (NYSE:DECK)

Vontobel Holding Ltd. trimmed its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,240 shares of the textile maker’s stock after selling 2,530 shares during the period. Vontobel Holding Ltd.’s holdings in Deckers Outdoor were worth $2,892,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DECK. Avestar Capital LLC purchased a new stake in Deckers Outdoor in the 4th quarter worth approximately $204,000. Van ECK Associates Corp grew its stake in Deckers Outdoor by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 41,338 shares of the textile maker’s stock worth $8,395,000 after acquiring an additional 1,752 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after acquiring an additional 235,091 shares during the period. L. Roy Papp & Associates LLP purchased a new stake in Deckers Outdoor in the 4th quarter worth approximately $232,000. Finally, JSF Financial LLC grew its stake in Deckers Outdoor by 3.4% in the 4th quarter. JSF Financial LLC now owns 6,262 shares of the textile maker’s stock worth $1,272,000 after acquiring an additional 208 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DECK has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial lowered their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. TD Cowen lifted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Down 2.0 %

NYSE:DECK opened at $155.01 on Monday. Deckers Outdoor Co. has a twelve month low of $131.39 and a twelve month high of $223.98. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.93 and a beta of 1.07. The firm’s fifty day simple moving average is $199.09 and its 200 day simple moving average is $147.49.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. On average, analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the sale, the chief executive officer now owns 273,540 shares in the company, valued at approximately $48,069,184.20. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,956 shares of company stock worth $10,387,731 in the last quarter. 0.40% of the stock is owned by corporate insiders.

About Deckers Outdoor

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.