Deckers Outdoor Co. (NYSE:DECK) Position Trimmed by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC trimmed its stake in Deckers Outdoor Co. (NYSE:DECK) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,055 shares of the textile maker’s stock after selling 85 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Deckers Outdoor were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DECK. FMR LLC lifted its position in Deckers Outdoor by 499.2% in the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after buying an additional 19,053,113 shares in the last quarter. State Street Corp increased its stake in shares of Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after acquiring an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after acquiring an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Deckers Outdoor by 529.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after purchasing an additional 1,074,263 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Stock Up 0.7 %

Deckers Outdoor stock opened at $206.09 on Wednesday. Deckers Outdoor Co. has a 12 month low of $117.02 and a 12 month high of $214.70. The stock has a market cap of $31.31 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. The business has a 50 day moving average price of $197.00 and a two-hundred day moving average price of $120.69.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. The firm 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 quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned $1.14 earnings per share. On average, analysts expect that Deckers Outdoor Co. will post 5.49 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’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 sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela Ogbechie sold 1,278 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,036 shares of company stock worth $13,715,482. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Needham & Company LLC lifted their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial increased their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 17th. Finally, KeyCorp upped their price objective on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.76.

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.