Inceptionr LLC Cuts Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Inceptionr LLC trimmed its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 50.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,347 shares of the textile maker’s stock after selling 1,360 shares during the quarter. Inceptionr LLC’s holdings in Deckers Outdoor were worth $274,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Resonant Capital Advisors LLC lifted its stake in Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after buying an additional 52 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Deckers Outdoor by 2.6% during the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after acquiring an additional 64 shares during the last quarter. WD Rutherford LLC lifted its position in shares of Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after acquiring an additional 79 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock worth $273,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK opened at $126.81 on Monday. The firm has a 50-day simple moving average of $179.75 and a two-hundred day simple moving average of $159.83. The stock has a market cap of $19.25 billion, a PE ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $122.61 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results 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%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on DECK shares. Evercore ISI raised their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, Truist Financial dropped their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at $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 is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,574 shares of company stock worth $6,485,189. 0.40% of the stock is currently owned by company 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.