Atria Investments Inc Lowers Stock Position in Deckers Outdoor Co. (NYSE:DECK)

Atria Investments Inc cut its position in shares of Deckers Outdoor Co. (NYSE:DECK) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,022 shares of the textile maker’s stock after selling 241 shares during the period. Atria Investments Inc’s holdings in Deckers Outdoor were worth $3,254,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Deckers Outdoor by 3.1% during the fourth quarter. Assetmark Inc. now owns 15,778 shares of the textile maker’s stock valued at $3,204,000 after purchasing an additional 479 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock valued at $203,300,000 after purchasing an additional 32,318 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Deckers Outdoor by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 49,700 shares of the textile maker’s stock valued at $10,094,000 after purchasing an additional 600 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Deckers Outdoor by 3.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,140 shares of the textile maker’s stock valued at $1,247,000 after purchasing an additional 212 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in Deckers Outdoor by 7.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 10,508 shares of the textile maker’s stock valued at $2,134,000 after purchasing an additional 720 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

Shares of DECK opened at $126.81 on Friday. Deckers Outdoor Co. has a 1-year low of $122.61 and a 1-year high of $223.98. The stock has a market cap of $19.25 billion, a PE ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.10. The firm has a 50-day simple moving average of $179.75 and a two-hundred day simple moving average of $158.89.

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%. As a group, sell-side analysts expect that Deckers Outdoor Co. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DECK has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Citigroup raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial decreased their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group raised their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred 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 completion of the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,574 shares of company stock worth $6,485,189 over the last three months. Insiders own 0.40% of the company’s stock.

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.