Mutual of America Capital Management LLC Lowers Position in Deckers Outdoor Co. (NYSE:DECK)

Mutual of America Capital Management LLC decreased its position in Deckers Outdoor Co. (NYSE:DECK) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,210 shares of the textile maker’s stock after selling 576 shares during the period. Mutual of America Capital Management LLC’s holdings in Deckers Outdoor were worth $3,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in shares of Deckers Outdoor by 107.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock valued at $74,000 after acquiring an additional 189 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in Deckers Outdoor during the fourth quarter worth about $102,000. QRG Capital Management Inc. boosted its holdings in Deckers Outdoor by 15.0% during the fourth quarter. QRG Capital Management Inc. now owns 11,761 shares of the textile maker’s stock worth $2,389,000 after buying an additional 1,534 shares in the last quarter. Versor Investments LP purchased a new stake in Deckers Outdoor during the fourth quarter worth about $1,076,000. Finally, Proficio Capital Partners LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth about $30,687,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $136.04 on Thursday. The firm has a 50 day simple moving average of $182.92 and a 200-day simple moving average of $157.46. The firm has a market cap of $20.65 billion, a PE ratio of 22.05, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1-year low of $131.20 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,574 shares of company stock valued at $6,505,085. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, February 7th. Truist Financial decreased their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Evercore ISI upped their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $197.41.

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.