Deckers Outdoor Co. (NYSE:DECK) Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 537,304 shares of the textile maker’s stock after selling 18,979 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Deckers Outdoor were worth $108,974,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DECK. Bell Investment Advisors Inc raised its stake in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Deckers Outdoor during the third quarter worth $36,000. Avior Wealth Management LLC lifted its stake in Deckers Outdoor by 2,966.7% during the third quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock valued at $44,000 after buying an additional 267 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in Deckers Outdoor by 825.0% during the 4th quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DECK shares. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial decreased their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus increased their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, January 31st. UBS Group raised their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Down 1.0 %

DECK opened at $117.51 on Tuesday. Deckers Outdoor Co. has a 52 week low of $115.06 and a 52 week high of $223.98. The stock has a market cap of $17.84 billion, a PE ratio of 19.05, a PEG ratio of 1.68 and a beta of 1.10. The business has a 50 day moving average of $169.44 and a 200-day moving average of $163.75.

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