Deckers Outdoor Co. (NYSE:DECK) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC trimmed its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 16.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,178 shares of the textile maker’s stock after selling 847 shares during the period. New Century Financial Group LLC’s holdings in Deckers Outdoor were worth $866,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Solstein Capital LLC raised its holdings in Deckers Outdoor by 500.0% during the third 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 stake in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter worth about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in 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 valued at $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Up 1.8 %

NYSE:DECK opened at $218.70 on Friday. The company has a market cap of $33.23 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.96 and a beta of 1.08. The firm’s 50 day moving average is $201.33 and its two-hundred day moving average is $127.75. Deckers Outdoor Co. has a fifty-two week low of $123.33 and a fifty-two week high of $218.92.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. Research analysts forecast that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DECK shares. TD Cowen upped their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial increased their target price on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Guggenheim assumed coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They issued a “neutral” rating on the stock. Finally, Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.20.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 8,802 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.00, for a total value of $1,540,350.00. Following the completion of the transaction, the chief financial officer now directly owns 153,036 shares in the company, valued at approximately $26,781,300. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 75,036 shares of company stock worth $13,715,482. Corporate 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.