Natixis Advisors LLC Sells 3,758 Shares of Deckers Outdoor Co. (NYSE:DECK)

Natixis Advisors LLC cut its position in Deckers Outdoor Co. (NYSE:DECK) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,888 shares of the textile maker’s stock after selling 3,758 shares during the quarter. Natixis Advisors LLC’s holdings in Deckers Outdoor were worth $12,975,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in Deckers Outdoor by 317.6% during 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. OneDigital Investment Advisors LLC increased its position in shares of Deckers Outdoor by 240.9% during the third quarter. OneDigital Investment Advisors LLC now owns 1,500 shares of the textile maker’s stock worth $239,000 after purchasing an additional 1,060 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Deckers Outdoor by 479.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 18,786 shares of the textile maker’s stock valued at $2,995,000 after purchasing an additional 15,546 shares during the last quarter. Swiss National Bank grew its stake in Deckers Outdoor by 496.1% during the 3rd quarter. Swiss National Bank now owns 453,000 shares of the textile maker’s stock worth $72,231,000 after buying an additional 377,000 shares during the last quarter. Finally, Quest Partners LLC increased its position in Deckers Outdoor by 2,028.8% during the 3rd quarter. Quest Partners LLC now owns 5,535 shares of the textile maker’s stock valued at $883,000 after buying an additional 5,275 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities 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 for the company in a research report on Friday, February 7th. Robert W. Baird raised their price target 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. Needham & Company LLC reissued a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Stock Performance

DECK stock opened at $119.17 on Thursday. The firm’s fifty day moving average is $165.87 and its 200 day moving average is $164.06. The firm has a market cap of $18.09 billion, a PE ratio of 19.32, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a one year low of $115.00 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value 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 trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.