Wellington Management Group LLP Sells 20,619 Shares of Deckers Outdoor Co. (NYSE:DECK)

Wellington Management Group LLP trimmed its position in shares of Deckers Outdoor Co. (NYSE:DECKFree Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,181 shares of the textile maker’s stock after selling 20,619 shares during the period. Wellington Management Group LLP owned about 2.64% of Deckers Outdoor worth $349,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DECK. HighTower Advisors LLC grew its holdings in shares of Deckers Outdoor by 13.7% during the first quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock valued at $902,000 after buying an additional 398 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Deckers Outdoor by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock worth $4,272,000 after purchasing an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Deckers Outdoor in the first quarter worth approximately $882,000. Sei Investments Co. boosted its holdings in Deckers Outdoor by 53.1% in the first quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock worth $9,811,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Aviva PLC boosted its holdings in Deckers Outdoor by 24.9% in the first quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock worth $2,196,000 after purchasing an additional 1,597 shares during the last quarter. 95.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the completion of the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lauri M. Shanahan sold 3,672 shares of Deckers Outdoor stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the sale, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the sale, the director now owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,456 shares of company stock valued at $28,641,748. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DECK shares. BTIG Research raised their target price on shares of Deckers Outdoor from $650.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Truist Financial raised their target price on shares of Deckers Outdoor from $859.00 to $983.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird increased their price target on shares of Deckers Outdoor from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Finally, Piper Sandler increased their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $854.86.

Read Our Latest Report on Deckers Outdoor

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $933.70 on Friday. The company has a market cap of $23.97 billion, a P/E ratio of 33.59, a P/E/G ratio of 1.77 and a beta of 1.01. The firm’s fifty day moving average is $820.07 and its two-hundred day moving average is $670.20. Deckers Outdoor Co. has a 52-week low of $395.90 and a 52-week high of $951.52.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company posted $10.48 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast that Deckers Outdoor Co. will post 26.86 EPS for the current fiscal year.

About Deckers Outdoor

(Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Institutional Ownership by Quarter for Deckers Outdoor (NYSE:DECK)

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