Stephens Investment Management Group LLC Sells 45,534 Shares of Deckers Outdoor Co. (NYSE:DECK)

Stephens Investment Management Group LLC lowered its stake in Deckers Outdoor Co. (NYSE:DECK) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 351,427 shares of the textile maker’s stock after selling 45,534 shares during the quarter. Stephens Investment Management Group LLC owned about 0.23% of Deckers Outdoor worth $71,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its stake in Deckers Outdoor by 495.7% in the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after purchasing an additional 792,849 shares during the period. Czech National Bank boosted its position in shares of Deckers Outdoor by 535.0% during the third quarter. Czech National Bank now owns 31,058 shares of the textile maker’s stock worth $4,952,000 after buying an additional 26,167 shares during the period. Diversified Trust Co boosted its position in shares of Deckers Outdoor by 441.4% during the third quarter. Diversified Trust Co now owns 1,608 shares of the textile maker’s stock worth $256,000 after buying an additional 1,311 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Deckers Outdoor during the third quarter worth about $201,000. Finally, CWM LLC raised its position in Deckers Outdoor by 491.7% in the 3rd quarter. CWM LLC now owns 8,615 shares of the textile maker’s stock valued at $1,374,000 after buying an additional 7,159 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DECK shares. Wells Fargo & Company lowered their price objective on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Bank of America increased their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Stifel Nicolaus upped their target price on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Down 2.3 %

Shares of DECK stock opened at $168.18 on Friday. Deckers Outdoor Co. has a 12-month low of $131.39 and a 12-month high of $223.98. The firm has a 50 day moving average price of $203.55 and a two-hundred day moving average price of $141.18. The company has a market capitalization of $25.52 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly 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 return on equity of 41.71% and a net margin of 19.14%. As a group, research analysts expect that Deckers Outdoor Co. will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,956 shares of company stock worth $10,387,731. Corporate insiders own 0.40% of the company’s stock.

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.