Candriam S.C.A. Trims Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

Candriam S.C.A. lowered its holdings in Deckers Outdoor Co. (NYSE:DECK) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,359 shares of the textile maker’s stock after selling 122,395 shares during the period. Candriam S.C.A.’s holdings in Deckers Outdoor were worth $2,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Deckers Outdoor in the fourth quarter valued at about $185,451,000. Arizona State Retirement System boosted its holdings in Deckers Outdoor by 1.4% in the fourth quarter. Arizona State Retirement System now owns 44,283 shares of the textile maker’s stock valued at $8,993,000 after purchasing an additional 599 shares during the last quarter. Aigen Investment Management LP purchased a new position in Deckers Outdoor in the fourth quarter valued at about $352,000. Proficio Capital Partners LLC purchased a new position in Deckers Outdoor in the fourth quarter valued at about $30,687,000. Finally, M&T Bank Corp lifted its holdings in Deckers Outdoor by 2.9% during the 4th quarter. M&T Bank Corp now owns 7,173 shares of the textile maker’s stock worth $1,457,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,574 shares of company stock worth $6,485,189 in the last three months. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DECK. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group increased their target price on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. UBS Group increased their target price on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

DECK opened at $126.81 on Friday. Deckers Outdoor Co. has a 12 month low of $122.61 and a 12 month high of $223.98. The stock has a market cap of $19.25 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. The stock’s 50 day moving average price is $179.75 and its 200 day moving average price is $158.89.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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.

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.