First Citizens Bank & Trust Co. Has $592,000 Position in Deckers Outdoor Co. (NYSE:DECK)

First Citizens Bank & Trust Co. boosted its holdings in shares of Deckers Outdoor Co. (NYSE:DECK) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,917 shares of the textile maker’s stock after buying an additional 299 shares during the period. First Citizens Bank & Trust Co.’s holdings in Deckers Outdoor were worth $592,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DECK. Solstein Capital LLC grew its holdings in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. 97.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research analyst reports. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Robert W. Baird upped their price objective on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research note on Thursday, October 17th. Finally, Truist Financial lifted their price objective on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.20.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $212.03 on Tuesday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.98 and a beta of 1.08. Deckers Outdoor Co. has a one year low of $125.15 and a one year high of $218.92. The firm has a fifty day moving average price of $203.00 and a two-hundred day moving average price of $131.17.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the transaction, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor 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 $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 in the last ninety days. 0.40% of the stock is currently owned by 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.