Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,276 shares of the textile maker’s stock after selling 138 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Deckers Outdoor were worth $2,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DECK. AMF Tjanstepension AB boosted its position in Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock valued at $151,924,000 after purchasing an additional 792,849 shares during the period. Private Advisor Group LLC boosted its position in Deckers Outdoor by 627.0% during the 3rd quarter. Private Advisor Group LLC now owns 5,525 shares of the textile maker’s stock worth $881,000 after acquiring an additional 4,765 shares during the period. Louisiana State Employees Retirement System boosted its position in Deckers Outdoor by 473.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the textile maker’s stock worth $1,371,000 after acquiring an additional 7,100 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Deckers Outdoor by 514.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,382 shares of the textile maker’s stock worth $5,163,000 after acquiring an additional 27,110 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in Deckers Outdoor by 285.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,483 shares of the textile maker’s stock worth $228,000 after acquiring an additional 1,098 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 0.6 %

Shares of DECK stock opened at $139.29 on Friday. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.68 and a beta of 1.07. The stock’s fifty day simple moving average is $188.68 and its 200-day simple moving average is $153.47.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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%. On average, sell-side analysts predict that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value 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 disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DECK has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research note on Friday, January 31st. KeyCorp boosted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, UBS Group boosted their price objective on Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note 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, the company has an average rating of “Moderate Buy” and an average price target of $197.41.

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.