abrdn plc Cuts Holdings in Deckers Outdoor Co. (NYSE:DECK)

abrdn plc lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 745,854 shares of the textile maker’s stock after selling 48,241 shares during the quarter. abrdn plc owned 0.49% of Deckers Outdoor worth $153,251,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Solstein Capital LLC raised its stake in shares of 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 acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Deckers Outdoor by 521.4% in 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 during the last quarter. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bonita C. Stewart sold 9,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the transaction, the director now owns 44,988 shares of the company’s stock, valued at $7,891,794.96. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,758 shares of company stock valued at $13,506,861. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

DECK has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday. Evercore ISI upped their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. KeyCorp lifted their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $170.42 on Tuesday. Deckers Outdoor Co. has a one year low of $131.39 and a one year high of $223.98. The business’s fifty day moving average is $205.90 and its 200 day moving average is $137.68. The stock has a market capitalization of $25.89 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.92 EPS for the current fiscal 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.