Deckers Outdoor Co. (NYSE:DECK) Stock Holdings Trimmed by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,023 shares of the textile maker’s stock after selling 4,903 shares during the period. Daiwa Securities Group Inc.’s holdings in Deckers Outdoor were worth $5,691,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in Deckers Outdoor by 584.2% during the third quarter. Assetmark Inc. now owns 15,299 shares of the textile maker’s stock worth $2,439,000 after purchasing an additional 13,063 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Deckers Outdoor by 583.9% during the third quarter. Atria Investments Inc now owns 16,263 shares of the textile maker’s stock worth $2,593,000 after purchasing an additional 13,885 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Deckers Outdoor by 603.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,434 shares of the textile maker’s stock worth $866,000 after buying an additional 4,661 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Deckers Outdoor by 140.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 15,713 shares of the textile maker’s stock valued at $2,506,000 after buying an additional 9,166 shares during the period. Finally, Chartwell Investment Partners LLC grew its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Chartwell Investment Partners LLC now owns 16,116 shares of the textile maker’s stock valued at $2,570,000 after buying an additional 13,430 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE DECK opened at $121.71 on Thursday. The company has a market capitalization of $18.47 billion, a P/E ratio of 19.73, a PEG ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 12 month low of $119.30 and a 12 month high of $223.98. The company’s 50 day simple moving average is $174.78 and its 200 day simple moving average is $160.88.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DECK. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 7th. Robert W. Baird raised their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. UBS Group upped their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. 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 presently has an average rating of “Moderate Buy” and an average target price of $197.41.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.