Massachusetts Financial Services Co. MA Has $50.96 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Massachusetts Financial Services Co. MA cut its stake in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,129 shares of the textile maker’s stock after selling 17,517 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Deckers Outdoor were worth $50,961,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DECK. Steward Financial Group LLC acquired a new position in Deckers Outdoor during the second quarter valued at approximately $25,000. West Oak Capital LLC boosted its position in Deckers Outdoor by 100.0% during the third quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 50 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in Deckers Outdoor during the first quarter valued at approximately $67,000. Massmutual Trust Co. FSB ADV boosted its position in Deckers Outdoor by 81.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 131 shares of the textile maker’s stock valued at $69,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $69,000. 95.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the transaction, the insider now owns 49,036 shares in the company, valued at approximately $33,710,288.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Deckers Outdoor news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the transaction, the insider now owns 49,036 shares in the company, valued at approximately $33,710,288.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Deckers Outdoor Trading Down 0.1 %

Shares of NYSE DECK opened at $832.41 on Friday. The firm has a market cap of $21.37 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Deckers Outdoor Co. has a 1-year low of $395.90 and a 1-year high of $903.70. The business’s 50 day moving average is $723.48 and its 200-day moving average is $612.02.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $10.48 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Deckers Outdoor Co. will post 26.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James increased their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Telsey Advisory Group raised their price objective on Deckers Outdoor from $850.00 to $930.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. KeyCorp started coverage on Deckers Outdoor in a research report on Wednesday. They issued an “overweight” rating and a $960.00 price objective for the company. Citigroup cut Deckers Outdoor from a “buy” rating to a “neutral” rating and raised their price objective for the company from $665.00 to $710.00 in a research report on Friday, December 8th. Finally, UBS Group raised their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $846.77.

Check Out Our Latest Analysis on DECK

About Deckers Outdoor

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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