National Pension Service Cuts Holdings in Deckers Outdoor Co. (NYSE:DECK)

National Pension Service reduced its position in Deckers Outdoor Co. (NYSE:DECK) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 257,282 shares of the textile maker’s stock after selling 7,000 shares during the period. National Pension Service’s holdings in Deckers Outdoor were worth $52,251,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Advisor OS LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $407,000. Los Angeles Capital Management LLC increased its holdings in Deckers Outdoor by 507.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker’s stock valued at $120,436,000 after purchasing an additional 495,364 shares in the last quarter. Todd Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $31,154,000. Coyle Financial Counsel LLC grew its stake in Deckers Outdoor by 500.2% in the fourth quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker’s stock worth $987,000 after purchasing an additional 4,052 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in Deckers Outdoor in the fourth quarter worth about $82,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DECK has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Jefferies Financial Group lifted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Truist Financial decreased their price target 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. Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Insider Activity

In other news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Deckers Outdoor Stock Down 4.4 %

Shares of NYSE:DECK opened at $138.60 on Friday. The company’s fifty day moving average is $190.02 and its two-hundred day moving average is $153.58. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The company has a market cap of $21.04 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. Equities research analysts anticipate that Deckers Outdoor Co. will post 5.89 earnings per share 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.