Norden Group LLC Trims Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Norden Group LLC lessened its holdings in Deckers Outdoor Co. (NYSE:DECK) by 19.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,894 shares of the textile maker’s stock after selling 1,404 shares during the period. Norden Group LLC’s holdings in Deckers Outdoor were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Direct Indexing L.P. grew its holdings in Deckers Outdoor by 572.4% during the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock valued at $688,000 after purchasing an additional 3,675 shares during the period. Financial Advocates Investment Management lifted its stake in shares of Deckers Outdoor by 536.0% during the 3rd quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock valued at $428,000 after buying an additional 2,262 shares in the last quarter. US Bancorp DE boosted its holdings in Deckers Outdoor by 448.5% in the 3rd quarter. US Bancorp DE now owns 28,906 shares of the textile maker’s stock worth $4,609,000 after buying an additional 23,636 shares during the period. New York State Common Retirement Fund boosted its holdings in Deckers Outdoor by 425.6% in the 3rd quarter. New York State Common Retirement Fund now owns 174,880 shares of the textile maker’s stock worth $27,885,000 after buying an additional 141,608 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Deckers Outdoor by 2,037.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,052 shares of the textile maker’s stock worth $327,000 after buying an additional 1,956 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DECK shares. Bank of America boosted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a 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. UBS Group boosted their target price on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Trading Up 0.6 %

Shares of NYSE DECK opened at $139.29 on Monday. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The stock’s fifty day simple moving average is $187.25 and its two-hundred day simple moving average is $155.16. The stock has a market capitalization of $21.14 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. On average, equities analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

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.