Kestra Investment Management LLC Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Kestra Investment Management LLC lessened its stake in Deckers Outdoor Co. (NYSE:DECK) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,017 shares of the textile maker’s stock after selling 195 shares during the quarter. Kestra Investment Management LLC’s holdings in Deckers Outdoor were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of DECK. Solstein Capital LLC raised its position in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DECK. KeyCorp lifted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,956 shares of company stock valued at $4,596,741. Corporate insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Up 0.5 %

Shares of NYSE:DECK opened at $155.77 on Wednesday. The stock has a 50 day moving average of $198.16 and a 200 day moving average of $148.40. The company has a market cap of $23.64 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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%. Equities research analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

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.