Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Vestcor Inc

Vestcor Inc lessened its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,155 shares of the textile maker’s stock after selling 1,817 shares during the period. Vestcor Inc’s holdings in Deckers Outdoor were worth $6,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its stake in Deckers Outdoor by 584.2% during the 3rd quarter. Assetmark Inc. now owns 15,299 shares of the textile maker’s stock worth $2,439,000 after buying an additional 13,063 shares during the last quarter. Atria Investments Inc grew its stake in Deckers Outdoor by 583.9% during the 3rd quarter. Atria Investments Inc now owns 16,263 shares of the textile maker’s stock worth $2,593,000 after buying an additional 13,885 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in Deckers Outdoor by 603.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,434 shares of the textile maker’s stock worth $866,000 after buying an additional 4,661 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Deckers Outdoor by 140.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 15,713 shares of the textile maker’s stock worth $2,506,000 after buying an additional 9,166 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in Deckers Outdoor by 500.0% during the 3rd quarter. Chartwell Investment Partners LLC now owns 16,116 shares of the textile maker’s stock worth $2,570,000 after buying an additional 13,430 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly 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. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America lifted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

DECK opened at $121.71 on Thursday. The business has a 50 day simple moving average of $174.78 and a 200-day simple moving average of $160.88. The stock has a market capitalization of $18.47 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $119.30 and a 12 month high of $223.98.

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

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.