US Bancorp DE Sells 1,921 Shares of Deckers Outdoor Co. (NYSE:DECK)

US Bancorp DE lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,985 shares of the textile maker’s stock after selling 1,921 shares during the quarter. US Bancorp DE’s holdings in Deckers Outdoor were worth $5,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc increased its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying 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. Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the period. Brooklyn Investment Group purchased a new position in Deckers Outdoor during the third quarter valued at $36,000. Finally, Avior Wealth Management LLC grew its holdings in Deckers Outdoor by 2,966.7% during the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 267 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor 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 sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,574 shares of company stock worth $6,505,085 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 2.5 %

Shares of Deckers Outdoor stock opened at $133.77 on Wednesday. The company has a fifty day simple moving average of $184.35 and a 200-day simple moving average of $157.61. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.20 and a 12-month high of $223.98.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. KeyCorp boosted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Needham & Company LLC reiterated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Nine 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.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor 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.