James Investment Research Inc. Sells 5,649 Shares of Deckers Outdoor Corporation $DECK

James Investment Research Inc. reduced its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 38,253 shares of the textile maker’s stock after selling 5,649 shares during the quarter. James Investment Research Inc.’s holdings in Deckers Outdoor were worth $3,878,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DECK. Geode Capital Management LLC increased its stake in Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after purchasing an additional 114,779 shares in the last quarter. Invesco Ltd. increased its position in shares of Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after buying an additional 452,081 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the 2nd quarter worth $223,036,000. Federated Hermes Inc. lifted its holdings in Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares in the last quarter. Finally, Tredje AP fonden grew its stake in Deckers Outdoor by 507.2% in the second quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after acquiring an additional 1,077,965 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider directly owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on DECK shares. Truist Financial set a $115.00 price objective on Deckers Outdoor in a research report on Wednesday, January 14th. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a research note on Wednesday. Jefferies Financial Group set a $102.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research report on Wednesday, January 14th. Finally, Citigroup reissued a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $117.58.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $99.85 on Monday. The stock has a market cap of $14.55 billion, a P/E ratio of 14.79, a P/E/G ratio of 4.51 and a beta of 1.15. The company has a fifty day moving average price of $98.11 and a two-hundred day moving average price of $101.43. Deckers Outdoor Corporation has a one year low of $78.91 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $1.59 earnings per share. Deckers Outdoor’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well?known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct?to?consumer retail to serve both fashion?focused and performance?oriented customers.

Founded in 1973 by Doug Otto and Karl F.