EP Wealth Advisors LLC Has $1.27 Million Stock Holdings in Deckers Outdoor Co. (NYSE:DECK)

EP Wealth Advisors LLC reduced its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,228 shares of the textile maker’s stock after selling 654 shares during the quarter. EP Wealth Advisors LLC’s holdings in Deckers Outdoor were worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in Deckers Outdoor by 22.3% in the 4th quarter. Cetera Investment Advisers now owns 45,830 shares of the textile maker’s stock valued at $9,308,000 after acquiring an additional 8,368 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Deckers Outdoor by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 7,505 shares of the textile maker’s stock valued at $1,524,000 after purchasing an additional 143 shares in the last quarter. Caxton Associates LP lifted its holdings in shares of Deckers Outdoor by 169.6% in the fourth quarter. Caxton Associates LP now owns 5,117 shares of the textile maker’s stock valued at $1,039,000 after purchasing an additional 3,219 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Deckers Outdoor by 846.5% during the fourth quarter. Baird Financial Group Inc. now owns 36,119 shares of the textile maker’s stock valued at $7,335,000 after buying an additional 32,303 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in Deckers Outdoor by 11.0% during the fourth quarter. Baker Avenue Asset Management LP now owns 17,849 shares of the textile maker’s stock worth $3,625,000 after buying an additional 1,775 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus cut their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Citigroup reduced their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Bank of America boosted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong 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 $167.55.

Deckers Outdoor Stock Down 3.5 %

NYSE DECK opened at $121.18 on Friday. The firm has a market cap of $18.39 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The company’s 50 day moving average is $114.18 and its 200-day moving average is $160.72. Deckers Outdoor Co. has a 12-month low of $93.72 and a 12-month 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 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%. Equities analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value 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 currently owned by corporate insiders.

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.