Intrust Bank NA Cuts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Intrust Bank NA decreased its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,300 shares of the textile maker’s stock after selling 120 shares during the quarter. Intrust Bank NA’s holdings in Deckers Outdoor were worth $3,310,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in Deckers Outdoor by 1,781.4% in the 3rd quarter. Cerity Partners LLC now owns 24,119 shares of the textile maker’s stock worth $3,846,000 after buying an additional 22,837 shares in the last quarter. Algert Global LLC boosted its holdings in Deckers Outdoor by 598.1% in the third quarter. Algert Global LLC now owns 2,988 shares of the textile maker’s stock worth $476,000 after purchasing an additional 2,560 shares during the last quarter. Fisher Asset Management LLC grew its position in Deckers Outdoor by 469.2% in the 3rd quarter. Fisher Asset Management LLC now owns 8,270 shares of the textile maker’s stock worth $1,319,000 after purchasing an additional 6,817 shares during the period. Bank of Montreal Can raised its stake in Deckers Outdoor by 498.2% during the 3rd quarter. Bank of Montreal Can now owns 167,407 shares of the textile maker’s stock valued at $26,688,000 after buying an additional 139,424 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Deckers Outdoor by 497.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,583 shares of the textile maker’s stock valued at $14,603,000 after buying an additional 76,259 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the stock in a transaction 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 in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Stock Down 4.6 %

Shares of DECK stock opened at $111.53 on Friday. The stock has a market cap of $16.93 billion, a P/E ratio of 18.08, a PEG ratio of 1.68 and a beta of 1.10. The company’s fifty day simple moving average is $153.46 and its two-hundred day simple moving average is $167.63. Deckers Outdoor Co. has a 52 week low of $110.75 and a 52 week high of $223.98.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird increased their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Barclays boosted their target price on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, KeyCorp upped their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

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.