Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,670 shares of the textile maker’s stock after selling 54,782 shares during the quarter. Alliancebernstein L.P. owned about 0.40% of Deckers Outdoor worth $122,396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DECK. Global Trust Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Whittier Trust Co. of Nevada Inc. increased its position in Deckers Outdoor by 250.0% during 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 lifted its stake in Deckers Outdoor by 825.0% in the fourth 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. Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 59.8% in the fourth quarter. Rakuten Securities Inc. now owns 350 shares of the textile maker’s stock valued at $71,000 after acquiring an additional 131 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Deckers Outdoor by 107.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 365 shares of the textile maker’s stock worth $74,000 after acquiring an additional 189 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DECK. Bank of America increased their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. UBS Group lifted their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

DECK opened at $118.10 on Thursday. Deckers Outdoor Co. has a 1-year low of $105.02 and a 1-year high of $223.98. The stock has a market cap of $17.92 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s 50 day simple moving average is $147.53 and its 200 day simple moving average is $170.49.

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 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%. Research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

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.