Bank of New York Mellon Corp Sells 29,506 Shares of Deckers Outdoor Co. (NYSE:DECK)

Bank of New York Mellon Corp cut its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,043,196 shares of the textile maker’s stock after selling 29,506 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of Deckers Outdoor worth $211,863,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock valued at $1,407,000 after acquiring an additional 2,668 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Deckers Outdoor by 6.4% in the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after acquiring an additional 1,791 shares in the last quarter. Principal Financial Group Inc. grew its position in Deckers Outdoor by 25.7% during the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock worth $101,457,000 after acquiring an additional 102,134 shares during the last quarter. Finally, Sigma Investment Counselors Inc. acquired a new stake in Deckers Outdoor during the 4th quarter valued at $3,143,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. KeyCorp increased their price objective on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Truist Financial reduced their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction that occurred 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 directly owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 4.4 %

NYSE:DECK opened at $138.60 on Friday. Deckers Outdoor Co. has a 1-year low of $131.39 and a 1-year high of $223.98. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.68 and a beta of 1.07. The business’s 50-day moving average price is $190.02 and its two-hundred day moving average price is $153.58.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share 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%. Sell-side analysts predict that Deckers Outdoor Co. will post 5.89 earnings per share for the current 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.