Teamwork Financial Advisors LLC Sells 189 Shares of Deckers Outdoor Co. (NYSE:DECK)

Teamwork Financial Advisors LLC decreased its stake in Deckers Outdoor Co. (NYSE:DECK) by 8.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,953 shares of the textile maker’s stock after selling 189 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Deckers Outdoor were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DECK. Federated Hermes Inc. grew its position in Deckers Outdoor by 126.5% during the 2nd quarter. Federated Hermes Inc. now owns 231 shares of the textile maker’s stock worth $224,000 after acquiring an additional 129 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Deckers Outdoor by 2.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker’s stock valued at $1,609,000 after acquiring an additional 34 shares during the last quarter. ProShare Advisors LLC increased its position in Deckers Outdoor by 7.9% during the 2nd quarter. ProShare Advisors LLC now owns 3,510 shares of the textile maker’s stock valued at $3,398,000 after purchasing an additional 257 shares during the period. Frank Rimerman Advisors LLC bought a new position in Deckers Outdoor during the 2nd quarter worth approximately $269,000. Finally, Public Sector Pension Investment Board lifted its position in shares of Deckers Outdoor by 68.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 948 shares of the textile maker’s stock worth $918,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is owned by company insiders.

Deckers Outdoor Price Performance

DECK opened at $215.04 on Thursday. Deckers Outdoor Co. has a fifty-two week low of $123.33 and a fifty-two week high of $218.39. The company’s 50-day moving average is $201.33 and its 200 day moving average is $127.75. The firm has a market capitalization of $32.67 billion, a P/E ratio of 37.81, a PEG ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. On average, equities research analysts expect that Deckers Outdoor Co. will post 5.56 earnings per share for the current year.

Analyst Ratings Changes

DECK has been the subject of a number of analyst reports. Needham & Company LLC lifted their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research report on Thursday, October 17th. Guggenheim began coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, Barclays boosted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.14.

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.