Fort Washington Investment Advisors Inc. OH Cuts Stake in Deckers Outdoor Co. (NYSE:DECK)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Deckers Outdoor Co. (NYSE:DECK) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340 shares of the textile maker’s stock after selling 80 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Deckers Outdoor were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DECK. ProShare Advisors LLC grew its holdings 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 buying an additional 257 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Deckers Outdoor in the second quarter valued at $269,000. Public Sector Pension Investment Board grew its holdings in shares of Deckers Outdoor by 68.1% in the second quarter. Public Sector Pension Investment Board now owns 948 shares of the textile maker’s stock valued at $918,000 after purchasing an additional 384 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Deckers Outdoor by 5.7% in the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 27 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Deckers Outdoor by 16.9% in the second quarter. Bank of Montreal Can now owns 27,983 shares of the textile maker’s stock valued at $27,619,000 after purchasing an additional 4,054 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now owns 10,222 shares in the company, valued at $2,052,577.60. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor 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 transaction, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock worth $13,715,482 over the last three months. 0.40% of the stock is owned by corporate insiders.

Deckers Outdoor Price Performance

DECK stock opened at $218.70 on Friday. The business has a 50-day moving average price of $201.33 and a 200 day moving average price of $127.75. The company has a market capitalization of $33.23 billion, a P/E ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08. Deckers Outdoor Co. has a 1-year low of $123.33 and a 1-year high of $218.92.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during 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 firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts anticipate that Deckers Outdoor Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DECK. TD Cowen raised their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial raised their target price on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Barclays lifted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a research note on Thursday. Finally, Evercore ISI lifted their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $182.20.

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.