Dana Investment Advisors Inc. Sells 9,603 Shares of Deckers Outdoor Co. (NYSE:DECK)

Dana Investment Advisors Inc. reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,690 shares of the textile maker’s stock after selling 9,603 shares during the period. Dana Investment Advisors Inc.’s holdings in Deckers Outdoor were worth $13,544,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc increased its holdings in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares in the last quarter. Brooklyn Investment Group bought a new stake in Deckers Outdoor during the 3rd quarter worth approximately $36,000. Finally, Avior Wealth Management LLC increased its holdings in Deckers Outdoor by 2,966.7% during the 3rd quarter. Avior Wealth Management LLC now owns 276 shares of the textile maker’s stock worth $44,000 after purchasing an additional 267 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $136.04 on Thursday. The company has a market cap of $20.65 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.68 and a beta of 1.07. The stock’s fifty day moving average price is $182.92 and its two-hundred day moving average price is $157.46. Deckers Outdoor Co. has a 1 year low of $131.20 and a 1 year high of $223.98.

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

Insiders Place Their Bets

In related news, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,574 shares of company stock worth $6,505,085 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Bank of America upped their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Barclays upped their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group upped their target price on Deckers Outdoor from $267.00 to $284.00 and gave the company a “buy” rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.