Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lessened its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,893 shares of the textile maker’s stock after selling 250 shares during the period. Cumberland Partners Ltd’s holdings in Deckers Outdoor were worth $5,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC lifted its position in Deckers Outdoor by 2.2% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after buying an additional 52 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after acquiring an additional 54 shares during the last quarter. Mather Group LLC. boosted its position in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares during the period. WD Rutherford LLC increased its holdings in Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 82 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Down 2.1 %

DECK stock opened at $152.52 on Thursday. The business has a 50 day moving average price of $196.19 and a 200 day moving average price of $149.35. The stock has a market cap of $23.15 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.74 and a beta of 1.07. Deckers Outdoor Co. has a fifty-two week low of $131.39 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK) last issued 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%. As a group, sell-side analysts anticipate that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insiders Place Their Bets

In related news, insider Anne Spangenberg sold 3,882 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total transaction of $723,721.26. Following the completion of the sale, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor 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 completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,956 shares of company stock valued at $4,596,741. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. UBS Group lifted their price objective on shares of Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

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.