Knights of Columbus Asset Advisors LLC Sells 192 Shares of Deckers Outdoor Co. (NYSE:DECK)

Knights of Columbus Asset Advisors LLC cut its stake in Deckers Outdoor Co. (NYSE:DECK) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,326 shares of the textile maker’s stock after selling 192 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Deckers Outdoor were worth $2,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DECK. Allspring Global Investments Holdings LLC boosted its position in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock valued at $6,053,000 after buying an additional 1,791 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Deckers Outdoor by 62.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after buying an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Deckers Outdoor by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after acquiring an additional 32,318 shares in the last quarter. Finally, Amundi lifted its position in Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock valued at $225,855,000 after acquiring an additional 108,054 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Up 2.0 %

Shares of DECK opened at $118.01 on Friday. The firm has a fifty day simple moving average of $162.23 and a two-hundred day simple moving average of $165.33. The firm has a market cap of $17.91 billion, a PE ratio of 19.13, a P/E/G ratio of 1.68 and a beta of 1.10. Deckers Outdoor Co. has a 1-year low of $112.10 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results 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%. As a group, research analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DECK shares. Barclays upped their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus boosted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, January 31st. UBS Group raised their price target on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, KeyCorp upped their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 10,388 shares in the company, valued at $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 company insiders.

About Deckers Outdoor

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.