Tobam Sells 20,062 Shares of Deckers Outdoor Co. (NYSE:DECK)

Tobam cut its stake in Deckers Outdoor Co. (NYSE:DECK) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,420 shares of the textile maker’s stock after selling 20,062 shares during the period. Tobam’s holdings in Deckers Outdoor were worth $3,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Deckers Outdoor by 499.2% during the 3rd quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after purchasing an additional 19,053,113 shares in the last quarter. State Street Corp lifted its stake in Deckers Outdoor by 513.8% in the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after buying an additional 5,511,513 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock valued at $203,674,000 after acquiring an additional 1,074,263 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Activity

In other 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 transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares in the company, 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 sold 55,956 shares of company stock valued at $10,387,731 in the last three months. Company insiders own 0.40% of the company’s stock.

Deckers Outdoor Trading Down 0.2 %

Shares of DECK opened at $172.22 on Friday. The stock has a 50 day moving average of $204.50 and a 200 day moving average of $139.96. Deckers Outdoor Co. has a 12 month low of $131.39 and a 12 month high of $223.98. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Deckers Outdoor Co. will post 5.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on DECK shares. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research note on Thursday, October 17th. Jefferies Financial Group raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Bank of America lifted their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.