Cynosure Group LLC Cuts Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Cynosure Group LLC reduced its stake in Deckers Outdoor Co. (NYSE:DECK) by 38.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,938 shares of the textile maker’s stock after selling 1,798 shares during the quarter. Cynosure Group LLC’s holdings in Deckers Outdoor were worth $597,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. State Street Corp increased its stake in Deckers Outdoor by 513.8% in the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after buying an additional 45,035 shares in the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $392,583,000. Finally, American Century Companies Inc. grew its holdings in shares of Deckers Outdoor by 6.4% in the fourth quarter. American Century Companies Inc. now owns 1,306,132 shares of the textile maker’s stock valued at $265,262,000 after acquiring an additional 78,623 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays boosted their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Wells Fargo & Company lowered their price target on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group increased their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird boosted 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor 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 $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Deckers Outdoor Stock Up 1.4 %

Shares of NYSE:DECK opened at $113.43 on Wednesday. The stock has a market cap of $17.22 billion, a PE ratio of 18.39, a PEG ratio of 1.68 and a beta of 1.10. The company’s fifty day moving average is $149.47 and its 200 day moving average is $170.86. Deckers Outdoor Co. has a 52 week low of $107.37 and a 52 week high of $223.98.

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

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.