KBC Group NV Sells 299,981 Shares of Deckers Outdoor Co. (NYSE:DECK)

KBC Group NV lowered its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 90.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,594 shares of the textile maker’s stock after selling 299,981 shares during the quarter. KBC Group NV’s holdings in Deckers Outdoor were worth $6,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apexium Financial LP bought a new position in Deckers Outdoor during the 4th quarter valued at approximately $219,000. Blue Trust Inc. increased its holdings in shares of Deckers Outdoor by 626.2% during the fourth quarter. Blue Trust Inc. now owns 5,345 shares of the textile maker’s stock valued at $1,086,000 after acquiring an additional 4,609 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Deckers Outdoor in the 4th quarter worth about $297,000. PFG Investments LLC grew its position in Deckers Outdoor by 15.9% during the 4th quarter. PFG Investments LLC now owns 2,920 shares of the textile maker’s stock valued at $593,000 after purchasing an additional 400 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Deckers Outdoor during the 4th quarter valued at about $140,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK opened at $223.00 on Friday. The company has a market cap of $33.88 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.98 and a beta of 1.08. The business’s 50 day moving average price is $206.19 and its 200-day moving average price is $135.05. Deckers Outdoor Co. has a fifty-two week low of $125.15 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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 net margin of 18.95% and a return on equity of 41.48%. As a group, equities analysts predict that Deckers Outdoor Co. will post 5.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Truist Financial boosted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Stifel Nicolaus increased their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Citigroup boosted their target price on Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, UBS Group lifted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.58.

Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the sale, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is currently owned by 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.