Deckers Outdoor Corporation $DECK Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,146,658 shares of the textile maker’s stock after selling 421,813 shares during the quarter. Vanguard Group Inc. owned about 11.76% of Deckers Outdoor worth $1,738,157,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,129,607 shares of the textile maker’s stock worth $114,512,000 after purchasing an additional 4,514 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Deckers Outdoor by 1.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 52,060 shares of the textile maker’s stock worth $5,277,000 after buying an additional 697 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Deckers Outdoor by 3.9% in the third quarter. PNC Financial Services Group Inc. now owns 25,998 shares of the textile maker’s stock valued at $2,635,000 after buying an additional 982 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Deckers Outdoor by 465.4% during the 3rd quarter. HighTower Advisors LLC now owns 335,864 shares of the textile maker’s stock valued at $34,047,000 after acquiring an additional 276,459 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth $342,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DECK has been the topic of a number of analyst reports. UBS Group reissued a “buy” rating and issued a $161.00 price target (up previously from $157.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Sanford C. Bernstein set a $90.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Barclays reissued an “overweight” rating and set a $143.00 target price (up previously from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Finally, Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $125.20.

Insiders Place Their Bets

In other news, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the sale, the insider owned 80,449 shares of the company’s stock, valued at approximately $9,333,692.98. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Spring-Green sold 347 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $113.78, for a total transaction of $39,481.66. Following the sale, the insider directly owned 42,461 shares in the company, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,092 shares of company stock worth $1,048,552 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $120.52 on Friday. The firm’s 50-day moving average is $106.28 and its 200-day moving average is $102.43. Deckers Outdoor Corporation has a 52-week low of $78.91 and a 52-week high of $151.58. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.71 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.56. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Deckers Outdoor had a return on equity of 41.60% and a net margin of 19.46%.Deckers Outdoor’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.00 earnings per share. Equities analysts predict that Deckers Outdoor Corporation will post 5.89 EPS for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.