Sumitomo Mitsui Trust Group Inc. Sells 7,576 Shares of Deckers Outdoor Co. (NYSE:DECK)

Sumitomo Mitsui Trust Group Inc. lowered its position in Deckers Outdoor Co. (NYSE:DECK) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352,047 shares of the textile maker’s stock after selling 7,576 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Deckers Outdoor worth $71,497,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Solstein Capital LLC lifted its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the period. Bell Investment Advisors Inc boosted its stake in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. lifted its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

DECK has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Evercore ISI upped their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Stifel Nicolaus raised their price target on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,956 shares of company stock worth $10,387,731 over the last three months. 0.40% of the stock is owned by insiders.

Deckers Outdoor Trading Down 2.3 %

Shares of NYSE DECK opened at $168.18 on Monday. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The firm’s 50-day moving average price is $203.55 and its 200-day moving average price is $142.83.

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, 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, equities analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.