Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in Deckers Outdoor Co. (NYSE:DECK) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,632 shares of the textile maker’s stock after selling 2,473 shares during the quarter. Sanctuary Advisors LLC’s holdings in Deckers Outdoor were worth $7,727,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC raised its position in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the period. State Street Corp raised its holdings in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC lifted its stake in 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 valued at $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Deckers Outdoor by 529.0% during 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 acquiring an additional 1,074,263 shares during the period. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DECK. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Truist Financial dropped their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $152.52 on Thursday. The stock has a market capitalization of $23.15 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.74 and a beta of 1.07. The business has a 50-day moving average of $196.19 and a two-hundred day moving average of $149.35. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week 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, 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%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor 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 completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 22,956 shares of company stock worth $4,596,741. 0.40% of the stock is 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.