Fmr LLC Sells 81,221 Shares of Deckers Outdoor Co. (NYSE:DECK)

Fmr LLC lessened its position in Deckers Outdoor Co. (NYSE:DECK) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,788,264 shares of the textile maker’s stock after selling 81,221 shares during the quarter. Fmr LLC owned 15.01% of Deckers Outdoor worth $4,628,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DECK. Headlands Technologies LLC purchased a new position in Deckers Outdoor in the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Deckers Outdoor by 250.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares during the period. Fortitude Family Office LLC raised its holdings in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock valued at $45,000 after buying an additional 198 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock valued at $51,000 after buying an additional 202 shares during the period. Institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DECK shares. Truist Financial lowered their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus upped their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Up 5.1 %

NYSE:DECK opened at $106.04 on Friday. The company has a 50 day simple moving average of $142.96 and a two-hundred day simple moving average of $169.76. The company has a market cap of $16.09 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. Research analysts forecast that Deckers Outdoor Co. will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.