Deckers Outdoor Co. (NYSE:DECK) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in Deckers Outdoor Co. (NYSE:DECK) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,126 shares of the textile maker’s stock after selling 410 shares during the period. Daiwa Securities Group Inc.’s holdings in Deckers Outdoor were worth $1,421,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Aurora Private Wealth Inc. acquired a new position in Deckers Outdoor during the 4th quarter worth $217,000. Mackenzie Financial Corp increased its stake in shares of Deckers Outdoor by 16.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,956 shares of the textile maker’s stock worth $1,307,000 after buying an additional 280 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $214,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Deckers Outdoor by 23.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,820 shares of the textile maker’s stock worth $3,910,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Deckers Outdoor during the 4th quarter worth approximately $4,813,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DECK shares. Evercore ISI began coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. Truist Financial reaffirmed a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. KeyCorp initiated coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. Stifel Nicolaus boosted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 price target on shares of Deckers Outdoor in a research note on Thursday, February 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

Deckers Outdoor Stock Performance

NYSE DECK opened at $829.94 on Wednesday. The firm has a market cap of $21.30 billion, a PE ratio of 29.85, a P/E/G ratio of 1.42 and a beta of 1.01. Deckers Outdoor Co. has a one year low of $424.36 and a one year high of $956.17. The firm’s fifty day moving average is $884.06 and its two-hundred day moving average is $743.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. Deckers Outdoor’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $10.48 earnings per share. Research analysts predict that Deckers Outdoor Co. will post 26.87 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $90,640,481.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is owned by company insiders.

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