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

Invesco Ltd. cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,892,017 shares of the textile maker’s stock after selling 6,312 shares during the quarter. Invesco Ltd. owned about 1.91% of Deckers Outdoor worth $587,340,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Polymer Capital Management US LLC purchased a new position in Deckers Outdoor during the fourth quarter worth $226,000. Cerity Partners LLC raised its holdings in Deckers Outdoor by 3.8% in the 4th quarter. Cerity Partners LLC now owns 25,034 shares of the textile maker’s stock valued at $4,870,000 after acquiring an additional 915 shares during the last quarter. Polymer Capital Management HK LTD grew its position in shares of Deckers Outdoor by 12.2% in the fourth quarter. Polymer Capital Management HK LTD now owns 37,816 shares of the textile maker’s stock valued at $7,680,000 after purchasing an additional 4,104 shares during the period. Federated Hermes Inc. boosted its stake in Deckers Outdoor by 76.5% in the 4th quarter. Federated Hermes Inc. now owns 55,461 shares of the textile maker’s stock worth $11,264,000 after buying an additional 24,042 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Deckers Outdoor by 404.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 252 shares of the textile maker’s stock worth $51,000 after acquiring an additional 202 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The transaction 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 the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

DECK has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Citigroup upgraded Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America boosted their price objective 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Trading Down 0.1 %

NYSE:DECK opened at $105.96 on Tuesday. The stock has a market capitalization of $16.08 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor Co. has a 1 year low of $93.72 and a 1 year high of $223.98. The firm has a 50 day moving average of $140.84 and a 200-day moving average of $169.53.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Deckers Outdoor Co. will post 5.89 EPS for the current fiscal 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.