Yousif Capital Management LLC Trims Holdings in Deckers Outdoor Co. (NYSE:DECK)

Yousif Capital Management LLC lowered its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,778 shares of the textile maker’s stock after selling 4,798 shares during the period. Yousif Capital Management LLC’s holdings in Deckers Outdoor were worth $4,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DECK. Resonant Capital Advisors LLC grew its position in Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Deckers Outdoor by 2.6% in the fourth quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after buying an additional 64 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Deckers Outdoor by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 82 shares in the last quarter. CX Institutional raised its holdings in Deckers Outdoor by 4.3% in the 4th quarter. CX Institutional now owns 2,571 shares of the textile maker’s stock worth $522,000 after acquiring an additional 107 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in Deckers Outdoor by 5.2% in the 4th quarter. Mutual Advisors LLC now owns 2,296 shares of the textile maker’s stock valued at $478,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $168.18 on Friday. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The company’s fifty day moving average price is $204.11 and its 200-day moving average price is $140.18. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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%. Equities research analysts expect that Deckers Outdoor Co. will post 5.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Bank of America upped their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company decreased 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 report on Friday, January 31st. Citigroup upgraded shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Insiders Place Their Bets

In other news, Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $838,935.00. Following the completion of the transaction, the director now owns 40,733 shares in the company, valued at $7,593,853.19. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,956 shares of company stock worth $10,387,731 in the last three months. 0.40% of the stock is owned by company insiders.

About Deckers Outdoor

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.